Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    72-24 61st St Glendale, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    8,000 SF warehouse space with two street frontages.

    Type:INDUSTRIAL
    Property size:
    8,000 SF
    Lot size:
    0.19 Acres
    Added:
    Jul 7, 2023
    Days on Market:
    1031
    Last Refresh:
    Apr 5 at 11:26 pm

    Property Features for 72-24 61st St

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    0.19 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 72-24 61st St Contact us

    We can help!

    Listing Contact
    Jonathan Rothstein
    Jonathan Rothstein

    Listing agent Jonathan Rothstein

    Listing office Greiner-Maltz Real Estate - Corporate

    Listing date Jul 7, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Greiner-Maltz Real Estate - Corporate

    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 Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Kingston Storage Facility — 1539 Covert St., Ridgewood, NY 11385
    • Nearby Storage Units - Flushing, NY — 56-34 Myrtle Ave, Queens, NY 11385
    • CubeSmart Self Storage — 1125 Wyckoff Ave, Ridgewood, NY 11385
    • Extra Space Storage — 1060 Wyckoff Ave, Ridgewood, NY 11385
    • Extra Space Storage — 976 Cypress Ave, Ridgewood, NY 11385

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Queens
    State
    New York
    Longitude
    -73.9019
    Latitude
    40.7565

    Nearby Similar for Lease

    • $3,000/Mo

      Glendale Commercial Storefront For Rent

      Commercial storefront in Glendale with high foot traffic and backyard.
      71-29 Myrtle Avenue, 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 STREET, GLENDALE, NY 11385
      View Details
    • $5,500/Mo

      Retail Space on Myrtle Avenue

      Retail space with high visibility and wide frontage available.
      7003 Myrtle Ave, Glendale, NY
      View Details
    • $10,416/Mo

      Glendale Industrial Space with High Ceilings

      10,000+ SF industrial space with shared loading dock.
      56-6 Cooper Ave, Glendale, NY
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      Neighborhood retail space with ample parking in a dense market.
      8989 Union Tpke, Glendale, NY
      View Details
    • Contact for pricing

      Retail Space on Woodhaven Boulevard

      Retail space with parking and high visibility on Woodhaven Blvd.
      73-25 Woodhaven Blvd, Glendale, NY
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent, approximately 3,000 square feet.
      7325 Woodhaven Boulevard, Glendale, NY 11385
      View Details
    • $22 SF/Yr

      Glendale Flex Space Available

      4,500 SF flex space in a busy corridor.
      79-17 Cypress Ave, Glendale, NY
      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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jonathan Rothstein
    Jonathan Rothstein
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    72-24 61st St, Glendale, NY

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!