71-14 & 71-16 Myrtle Ave
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71-14 & 71-16 Myrtle Ave
2 Retail Properties in Glendale, NY
Investment Highlights
- Ideal for a Multifamily / Low-Rise/Garden investor
- Strong rental demand in the area
- Well-maintained property with potential for value-add
Executive Summary
Introducing an exceptional investment / end user opportunity in the heart of Glendale, NY, 11385. This multi-unit property spans +/- 6,150 square feet and features 6 units (4 Residential 3 Bedroom Apartments and 2 Commercial Spaces) offering an ideal setup for Multifamily / Low-Rise/Garden investors looking to expand their portfolio. Boasting a prime location in the thriving Glendale area, this property presents an attractive combination of space and potential. With its well-designed layout and solid construction, this property is poised to deliver strong returns and long-term value. Don't miss the chance to capitalize on this rare offering in a sought-after location. Ground floor Commercial space (great for office, retail or deli, etc.) plus lower level commercial support space will be delivered vacant and 4 Residential 3 bedroom apartments are month to month. Great Add value property portfolio! Contact us for more info at 631-858-2470!
Taxes & Operating Expenses (Pro forma - 2024) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$343,595
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$343,595
|
| Taxes |
$24,691
|
| Operating Expenses |
$30,043
|
| Total Expenses |
$54,734
|
| Net Operating Income |
$288,861
|
Taxes & Operating Expenses (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $343,595 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $343,595 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,691 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,043 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $54,734 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $288,861 |
Property Facts
| Sale Type | Investment or Owner User | Individually For Sale | 2 |
| Status | Active | Total Building Size | 6,150 SF |
| Number of Properties | 2 | Total Land Area | 0.08 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 6,150 SF |
| Total Land Area | 0.08 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 71-16 Myrtle Ave, Glendale, NY 11385 | Retail | 2,970 SF | 1899 | $2,124,787 CAD |
| 7114 Myrtle Ave, Glendale, NY 11385 | Retail | 3,180 SF | 1899 | $2,124,787 CAD |
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71-14 & 71-16 Myrtle Ave
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