Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    72-24 61St St Glendale, NY 11377

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    8,000 SF warehouse space with two street frontages.

    Property size:
    8,000 SF
    Lot size:
    0.19 Acres

    Property Features for 72-24 61St St

    General Information

    Size
    8,000 SF
    Lot size
    0.19 Acres

    We can help!

    Listing Contact
    Jonathan Rothstein
    Jonathan Rothstein
    Source: Moodyscre

    Listing Agent: Jonathan Rothstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Glendale Warehouse Space Available

    This property offers 8,000 square feet of available space suitable for sales, service, and warehouse operations. It features frontage on two streets and provides signage opportunities for excellent visibility. The property includes one overhead door.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Kingston Storage Facility, Nearby Storage Units - Flushing, NY, CubeSmart Self Storage, Extra Space Storage, Extra Space Storage

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Queens
    State
    New York
    Longitude
    -73.901924
    Latitude
    40.756469

    Nearby Similar for Lease

    • $4,700 /Mo
      1,307 SF

      Glendale Retail/Office Space Available

      1300 sq ft retail/office space in high-traffic area.
      69-40 Myrtle Ave, Glendale, NY 11385
      View Details
    • $1,050 /Mo
      300 SF

      Professional Office Suites in Glendale

      Shared office space in Glendale, near transportation and commercial services.
      6226 Myrtle Ave, Glendale, NY 11385
      View Details
    • $15,625 /Mo

      Prime Glendale Commercial Space Available

      High-visibility space near Myrtle Avenue, ideal for diverse uses.
      71-20 Cypress Hills St, Glendale, NY 11385
      View Details
    • $18,800 /Mo
      7,000 SF

      Glendale Mixed-Use Property For Rent

      7,000 SF mixed-use property suitable for various purposes.
      88-66 Myrtle Ave, Glendale, NY 11385
      View Details
    • $3,500 /Mo
      1,973 SF

      Glendale Office Space For Rent

      Open concept office space with storage near transportation.
      6214 Myrtle Ave, Glendale, NY 11385
      View Details
    • $4,700 /Mo

      Prime Retail/Office Space Available

      High-traffic retail/office space suitable for various businesses.
      69 Myrtle Ave, Glendale, NY 11385
      View Details
    • $10,416 /Mo
      10,000 SF

      Glendale Industrial Space with High Ceilings

      10,000+ SF industrial space with shared loading dock.
      56-6 Cooper Ave, Glendale, NY 11385
      View Details
    • $2,400 /Mo

      Glendale Apartment with Private Balcony

      2-bedroom, 2-bath apartment with balcony in Glendale, NY.
      71-05 Cooper Ave, Glendale, NY 11385
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Woodhaven Boulevard

      Retail space with parking and high visibility on Woodhaven Blvd.
      73-25 Woodhaven Blvd, Glendale, NY 11373
      View Details
    • $5,500 /Mo
      2,000 SF

      Retail Space on Myrtle Avenue

      Retail space with high visibility and wide frontage available.
      7003 Myrtle Ave, Glendale, NY 11385
      View Details
    • $22 SF/Yr
      4,500 SF

      Glendale Flex Space Available

      4,500 SF flex space in a busy corridor.
      79-17 Cypress Ave, Glendale, NY 11385
      View Details
    • Contact for pricing
      7,498 SF

      Retail Space in Busy Center

      Neighborhood retail space with ample parking in a dense market.
      8989 Union Tpke, Glendale, NY 11385
      View Details

    FAQs

    What type of property is this?
    Warehouse - 8,000 SF warehouse space with two street frontages.
    Where is this warehouse located?
    The property is located at 72-24 61St St Glendale, NY.
    What are key features of this property?
    This property features: - 8,000 sf available immediately; - Two street frontage; - Signage available - **excellent visibility**
    (516) 279-7198
    Request Owner's contact information
    72-24 61St St Glendale, NY 11377
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    72-24 61St St
    Glendale, NY 11377
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    72-24 61St St Glendale, NY 11377
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jonathan Rothstein
    Jonathan Rothstein
    (516) 279-7198
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.