For Sale
$1,645,000

7521 Myrtle Ave Glendale, NY 11385

High-Yield Corner Building, Prime Location

Overview

Added:
Feb 3
Days on market:
73
This exceptional mixed-use property at 75-21 Myrtle Ave, Glendale, NY presents a compelling investment opportunity. The building, constructed of brick, boasts a desirable corner location with excellent street visibility and high traffic volume due to its proximity to the Jackie Robinson Parkway. The R4B zoning allows for a variety of uses. The building itself measures 20 x 78 feet and includes a thriving commercial storefront currently operating as a pharmacy. Above the commercial space are three residential units: two 2-bedroom, 1-bathroom apartments and one 1-bedroom, 1-bathroom apartment. All units are currently occupied by tenants, generating a substantial rental income stream. A significant advantage is the inclusion of a two-car attached garage, a rare and valuable amenity in this area where parking is often limited. The semi-attached nature of the building enhances its curb appeal and provides a distinct presence on the street. This property offers a strong combination of commercial and residential income, making it an attractive investment with high potential for return. The current occupancy rate is 100%, ensuring immediate cash flow. This is a truly remarkable opportunity to acquire a well-maintained, income-producing property in a highly sought-after Glendale location.

Property Details for 7521 Myrtle Ave

Property type
Commercial real estate
Year Built
1920

Location Insight

City
Glendale
County
Queens
State
New York
Latitude
40.70282
Longitude
-73.8728
7521 Myrtle Ave, Glendale, New York

FAQs

What type of property is this?
Commercial real estate - High-Yield Corner Building, Prime Location
Where is the commercial real estate located?
The property is located at 7521 Myrtle Ave Glendale, NY.
What is the asking price?
The asking price for this property is $1,645,000.
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7521 Myrtle Ave
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