7617 Myrtle AvenueGlendale, NY 11385Price: $1,535,000

  • Price: $1,535,000
  • 67 Days on Market
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Federal 30-year interest rate: 6.37% last updated on May 7, 2026
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  • $1,535,000List Price

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Calling All Investors, Developers, & End-Users!!! 8.69 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. (8.69% Cap!!!)

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Listed by Richard Matt Shane of All Island Estates Realty Corp (516-783-5600)

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 14, 2026 10:49 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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