7102 Myrtle Ave - Apartments FOR SALE
Glendale, NY 11385 |
$2,000,000 USD
914-584-7422
7102 Myrtle Ave
Glendale, NY 11385
HIGHLIGHTS
- Prime Location: Strategically positioned on the corner of Myrtle Avenue and 71st Avenue, offering high visibility and accessibility.
- The second floor will be delivered vacant, providing the potential to convert existing office units into four residential apartments
- Current rents are significantly below market value, with market rents estimated to be 40-50% higher, offering substantial upside for income growth.
- Glendale, Queens is a highly sought-after area, benefiting from the ongoing spillover of development and demand from neighboring Bushwick&Williamsburg
FOR SALE DETAILS
PRICE
$2,000,000 USD
PRICE/SF
$200 USD /SF
# OF UNITS
5
PRICE/UNIT
$400,000
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7102 Myrtle Avenue
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1931
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.4 AC
LAND SF
17,424 SF
ZONING
C2-3
APN/PARCEL ID
03709-0020
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914-584-7422
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914-584-7422
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