76-17 Myrtle Ave - Storefront Retail/Residential FOR SALE


Ridgewood, NY 11385
$1,588,000 USD
516-279-8828
76-17 Myrtle Ave, Ridgewood, NY for Sale
$1,588,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 8.4% Cap Rate

NEW


76-17 Myrtle Ave
Ridgewood, NY 11385


HIGHLIGHTS

  • Calling All Investors, Developers, & End-Users!!! 8.4 Cap 100% Occupied 4 Unit 3,300 Sqft. Corner Mixed-Use Building In Glendale For Sale!!!
  • The Property Features Excellent Signage, Great Exposure, R4B/C1-3 Zoning, High 9’ Ceilings, (2) 3 Br. Apartments, (1) 2 Br. Apartment, Basement, +++!!
  • The Property Is Located In The Heart Of Glendale Just 3 Blocks From The Jackie Robinson Parkway!!!
  • The Property Has 21’ Of Frontage On Myrtle Ave. + 106’ On 78th St.!!!
  • Neighbors Include Starbucks, USPS, HomeGoods, Ulta Beauty, T.J. Maxx, Chili’s Bar & Grill, Cold Stone Creamery, California Pizza Kitchen, +++!!!
  • This Could Be Your Next Development Site Or The Next Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers, & End-Users!!! 8.4 Cap 100% Occupied 4 Unit 3,300 Sqft. Corner Mixed-Use Building In Glendale For Sale!!! The Property Features Excellent Signage, Great Exposure, R4B/C1-3 Zoning, High 9’ Ceilings, (2) 3 Br. Apartments, (1) 2 Br. Apartment, Basement, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Glendale Just 3 Blocks From The Jackie Robinson Parkway!!! The Property Has 21’ Of Frontage On Myrtle Ave. + 106’ On 78th St.!!! Neighbors Include Starbucks, USPS, HomeGoods, Ulta Beauty, T.J. Maxx, Chili’s Bar & Grill, Cold Stone Creamery, California Pizza Kitchen, Dunkin’, McDonald’s, Regal Cinemas, Dollar General, Wendy’s, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Myrtle Meds Pharmacy: $39,403.68 Ann.; 3% Ann. Inc.; Lease Exp.: 8/31/29. Apt. 1 (3 Br.): $41,568 Ann.; Lease Exp.: 2/28/27. Apt. 2 (2 Br.): $34,692 Ann.; Lease Exp.: 4/30/27. Apt. 3 (3 Br.): $41,568 Ann.; Lease Exp.: 2/28/27. Gross Income: $157,231.68 Ann. Expenses: Gas: $0 Ann. Electric: $495 Ann. Maintenance & Repairs: $4,000 Ann. Water & Sewer: $2,400 Ann Insurance: $6,041 Ann. Taxes: $10,973.90 Ann. Total Expenses: $23,909.90 Ann. Net Operating Income (NOI): $133,321.78 Ann. (8.4% Cap!!!)

FOR SALE DETAILS

PRICE

$1,588,000 USD

PRICE/SF

$481 USD /SF

CAP RATE

8.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R4B, C1-3

APN/PARCEL ID

03826-0034,03826-0035

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.