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Mixed-Use Building with Laundromat
For Sale
$1,990,000

8848 Myrtle Avenue, Glendale, NY 11385

The upper-level apartment has three bedrooms and two bathrooms, complementing ground-floor commercial space and four garages.

Property Size2,266 SF
Price / SF$878.20
Days on Market267

Property Features for 8848 Myrtle Avenue

General Information

Standard status Active
Size 2,266 SF
Total Parking Spaces 4
Property subtype Commercial
Zoning R4-1

Units

Unit Mix 1 x 3BR/2BA
Multifamily Units 1

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $6,275

Building Details

Building Size 2,266 SF
Year Built 1938
Buildings 1
Stories 2
Listing Agency: Building 1 Property Mgmt Corp
Listed By: William Li CBR
Source: Croninreale
Added: Jan 31 Changed: Oct 23 Last Checked: Oct 23 at 4:49PM

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 Building 1 Property Mgmt Corp

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Investment Insights

Based on property information with market context.

This mixed-use property in Glendale, New York, contains 2,266 square feet. A laundromat occupies the ground floor, while the second floor has an apartment with three bedrooms and two bathrooms. Four garages are also part of the property.

Key Highlights

  • 2,266 square feet
  • Ground‑floor laundromat
  • Second‑floor apartment with 3 bedrooms and 2 bathrooms

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Cafe & Coffee Shop Auto Parts Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,340
Businesses Nearby
183k
Monthly Visits Nearby

Foot Traffic Nearby

Home Improvements & Furnishings 45% Groceries 25% Shops & Services 17% Dining 12%
The Home Depot Home Improvements & Furnishings
82,619 visits/mo 0.4 miles
Stop & Shop Groceries
45,965 visits/mo 0.4 miles
Shell Shops & Services
25,168 visits/mo 0.1 miles
Popeyes Louisiana Kitchen Dining
22,694 visits/mo 0.0 miles
BP Shops & Services
5,910 visits/mo 0.0 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

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The upper-level apartment has three bedrooms and two bathrooms, complementing ground-floor commercial space and four garages.
Where is this mixed-use property located?
The property is located at 8848 Myrtle Avenue Glendale, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 2,266 square feet; Ground‑floor laundromat; Second‑floor apartment with 3 bedrooms and 2 bathrooms
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