69-38 Myrtle Avenue, Glendale, NY

$1,499,999

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3,600

Square feet

About 69-38 Myrtle Avenue

Rare Mixed-Use Opportunity in Prime Ridgewood Location! Welcome to 69-38 Myrtle ave- a high exposure property offering exceptional versatility, income potential, and Value-add upside. Feauturing a total of 2,024 sq ft on a 23' x 88' lot, this mixed-use asset includes a ground floor commercial space with entrances on myrtle ave and Cooper st, plus two residential units above: A vacant 4 bedroom and a 3 bedroom Unit Currently occupied by cash tenants. The Commercial space ( currently rented at $3,500/ Month) is on a month to month basis and can be delivered vacant. it offers the option to split into two seperate store fronts, unlocking additional income potential. utilities are seperately metered: 3 Meters for commercial and 2 for residential - tenants pay their own utilities. Projected pro forma gross income of $146,700/year, with estimated expenses of $13,500/year, brings a potential net income of $133,200, yielding a 7% Cap rate at full market rents. Perfect for investors seeking upside or end-users looking to occupy and operate. Close to transit, retail, and Neighborhood amenities- this is a can't miss opportunity in on of queens' most desirable mixed-use corridors.

Features of 69-38 Myrtle Avenue

MLS® # 867157
Price $1,499,999
Bathrooms 0.00
Internal Footage 3,600
Acres 0.00
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 69-38 Myrtle Avenue
City Glendale
County Queens
State NY
Zip Code 11385

Amenities

Utilities None
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Has Basement Yes
Basement Finished

Exterior

Construction Unknown

Additional Information

Date Listed May 27th, 2025
Days on Market 138
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofeXp Realty
Contact Info888-276-0630

Listing Map

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