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7951 Myrtle Ave 2,100 SF 100% Leased Retail Building Glendale, NY 11385 $1,500,000 ($714.29/SF) 7.94% Cap Rate
Investment Highlights
- Prominent location directly across from Forest Park
- Easy access to the Jackie Robinson Parkway
- Well-positioned near local shops, services, and amenities
- Strong visibility with a desirable neighborhood setting
- Surrounded by established residential housing
Executive Summary
Berkshire Hathaway Commercial Services is pleased to present 7951 Myrtle Avenue in Glendale, a well-positioned two-story mixed-use property offering a strong owner-user or investment opportunity along one of Queens’ most traveled corridors.
The property totals 4,315 SF on a 0.08-acre lot with 2,100 SF of rentable area and is zoned R5B, allowing for a variety of commercial and residential uses. The building is currently occupied by Cubur Dental Lab, Flora’s Florist, and two residential apartments, one of which is owner-occupied and will be delivered vacant upon sale, along with the dental lab space. The lab is currently equipped with a furnace for melting dental impressions which can be utilized for a variety of uses. The building also includes a sizable basement including 10ft ceilings below the florist that can be used for storage, as well as a new roof that was renovated around 3 years ago. The site also features street parking in addition to two private spaces and a two- car garage, offering convenient access for both tenants and customers.
Please contact Jackie Mistretta for more details | 516 603 2955
The property totals 4,315 SF on a 0.08-acre lot with 2,100 SF of rentable area and is zoned R5B, allowing for a variety of commercial and residential uses. The building is currently occupied by Cubur Dental Lab, Flora’s Florist, and two residential apartments, one of which is owner-occupied and will be delivered vacant upon sale, along with the dental lab space. The lab is currently equipped with a furnace for melting dental impressions which can be utilized for a variety of uses. The building also includes a sizable basement including 10ft ceilings below the florist that can be used for storage, as well as a new roof that was renovated around 3 years ago. The site also features street parking in addition to two private spaces and a two- car garage, offering convenient access for both tenants and customers.
Please contact Jackie Mistretta for more details | 516 603 2955
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,100 SF
Building Class
C
Year Built
1931
Price
$1,500,000
Price Per SF
$714.29
Cap Rate
7.94%
NOI
$119,093
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.08 AC
Zoning
R5B - Medium density district with a height limit of 40 feet
Frontage
34’ on Myrtle Ave
Amenities
- Storage Space
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03830-0082 | Improvements Assessment | $160,284 |
| Land Assessment | $135,593 | Total Assessment | $295,877 |
Property Taxes
Parcel Number
03830-0082
Land Assessment
$135,593
Improvements Assessment
$160,284
Total Assessment
$295,877
Contacts
-
Guy Canzoneri -
Jackie Mistretta -
Michael Chimenti -
Berkshire Hathaway Commercial
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