Mixed-Use Building with Retail
73-35 Myrtle Avenue, Glendale, NY 11385
For Sale
$779,000
A two-bedroom apartment occupies the upper floor above a storefront with office, storage, and basement access.
Property Size1,800 SF
Price / SF$432.78
Days on Market17
Property Features for 73-35 Myrtle Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Amenities
Eat-in Kitchen
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Daniel Gale Sothebys Intl Rlty
Listed By:
Evangelia Boudourakis · License #10301223767
(917) 751-6700
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 6:08PM
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 Daniel Gale Sothebys Intl Rlty
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Investment Insights
Based on property information with market context.
This 1,800-square-foot mixed-use building, constructed in 1934, combines street-level retail space with an apartment above. The ground floor includes a showroom, private office, storage room, and half bath, along with access to a full unfinished basement. The basement has utility access and a separate exterior entrance. Upstairs, the two-bedroom, one-bath apartment features high ceilings, an open kitchen with a peninsula, and a formal living room.
The property is located at 73-35 Myrtle Avenue in Glendale, with nearby shopping, restaurants, major highways, public transportation, and neighborhood amenities.
The property is located at 73-35 Myrtle Avenue in Glendale, with nearby shopping, restaurants, major highways, public transportation, and neighborhood amenities.
Key Highlights
- 1,800 square feet on Myrtle Avenue in Glendale
- Ground‑floor retail area includes a showroom, private office, storage, and half bath
- Full unfinished basement has utility access and a separate exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,130
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,600
$642.6K
Cap Rate 7%
$459,000
$459.0K
Cap Rate 9%
$357,000
$357.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$54.0K $30.00/SF
− Vacancy
−$8.1K −$4.50/SF
EGI
$45.9K $25.50/SF
− OpEx
−$13.8K −$7.65/SF
NOI
$32.1K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,600
Cap Rate 7%
$459,000
Cap Rate 9%
$357,000
Alternative Uses
Best Use
Retail
$459.0K
$401.6K – $535.5K
NOI $32,130 @ 7.0% cap · market cap 4.12%
Second Best
Mixed Use
$330.9K
$289.6K – $386.1K
NOI $23,166 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,438
Businesses Nearby
301k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 27%
Dining 25%
Electronics 3%
Food Bazaar Supermarket
Groceries
76,560 visits/mo
0.2 miles
Food Bazaar Supermarket
Groceries
51,452 visits/mo
0.1 miles
White Castle
Dining
24,528 visits/mo
0.2 miles
Dunkin' Donuts
Dining
23,384 visits/mo
0.2 miles
BP
Shops & Services
22,327 visits/mo
0.3 miles
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-bedroom apartment occupies the upper floor above a storefront with office, storage, and basement access.
Where is this mixed-use property located?
The property is located at 73-35 Myrtle Avenue Glendale, NY.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: 1,800 square feet on Myrtle Avenue in Glendale; Ground‑floor retail area includes a showroom, private office, storage, and half bath; Full unfinished basement has utility access and a separate exterior entrance
