Glendale

COMMERCIAL

Address: ‎6938 Myrtle

Zip Code: 11385

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$1,550,000

ID # 937059

English

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eXp Realty Office: ‍888-276-0630

$1,550,000 - 6938 Myrtle, Glendale , NY 11385 | ID # 937059

ID #‎ 937059
Taxes
(per year)
$8,500
Fuel TypeGas
Air
Conditioning
Central Air
Bus1 min: B13, Q39
3 min: B20
4 min: Q55, QM24, QM25
10 min: B38
Subway10 min: L
LIRR1.6 miles: "East New York"
3 miles: "Forest Hills"

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房屋英文概況 English 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! © 2025 OneKey™ MLS, LLC

Courtesy of eXp Realty

公司: ‍888-276-0630




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$1,550,000

COMMERCIAL
ID # 937059
‎6938 Myrtle
Glendale, NY 11385


Listing Agent(s):‎
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Office: ‍888-276-0630

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