21
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$1,550,000
Est. payment /mo
Active
6938 Myrtle Glendale, NY 11385
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 937059
Rental Info No
Annual Tax Amount $8,500
Property Sub-Type Mixed Use
Source onekey2
Property Description
PRIME MIXED USE INVESTMENT OPPORTUNITY IN THE HEART OF MYRTLE AVE!
Welcome to 6938 Myrtle Ave, a rare mixed-use asset offering strong income, zero deferred maintenance, and exceptional upside. Perfect for both investors and owner operators seeking a high yield property in a high demand corridor.
This Property offers Three income producing units with an impressive projected gross income of $132,216 Annually, supported by stable residential rents and a high visibility commercial space.
Current Rent Roll
4 Bedroom Residential Unit: $3868/Month - VACANT
3 Bedroom Residential Unit: $2,150/Month - Occupied
2 Commercial Spaces: $5,000/Month-VACANT (Projected) (1 entry on 6938 Myrtle Ave, 2nd entry on 6937 Cooper Ave ) Space can be split in two different spaces or 1 large space.
Total Annual Expenses: $13,500
Net Operating Income (NOI): $118,716
Cap Rate: 7.7
The Commercial Store front offers excellent, exposure on busy Myrtle Ave- Ideal for retails, Professional use, or stable long term tenancy. The Residential units are well sized, separately metered, and positioned for long term cash flow.
Whether You're looking to expand your portfolio or secure a reliable mixed use building in a prime location, this property delivers strong numbers, strong location, and strong potential.
A PERFECT BLEND OF STABILITY AND OPPORTUNITY- DON'T MISS OUT!
Welcome to 6938 Myrtle Ave, a rare mixed-use asset offering strong income, zero deferred maintenance, and exceptional upside. Perfect for both investors and owner operators seeking a high yield property in a high demand corridor.
This Property offers Three income producing units with an impressive projected gross income of $132,216 Annually, supported by stable residential rents and a high visibility commercial space.
Current Rent Roll
4 Bedroom Residential Unit: $3868/Month - VACANT
3 Bedroom Residential Unit: $2,150/Month - Occupied
2 Commercial Spaces: $5,000/Month-VACANT (Projected) (1 entry on 6938 Myrtle Ave, 2nd entry on 6937 Cooper Ave ) Space can be split in two different spaces or 1 large space.
Total Annual Expenses: $13,500
Net Operating Income (NOI): $118,716
Cap Rate: 7.7
The Commercial Store front offers excellent, exposure on busy Myrtle Ave- Ideal for retails, Professional use, or stable long term tenancy. The Residential units are well sized, separately metered, and positioned for long term cash flow.
Whether You're looking to expand your portfolio or secure a reliable mixed use building in a prime location, this property delivers strong numbers, strong location, and strong potential.
A PERFECT BLEND OF STABILITY AND OPPORTUNITY- DON'T MISS OUT!
Location
State NY
County Queens
Rooms
Basement Finished, Walk-Out Access
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available None
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by eXp Realty • Bryan Y. Blanco
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