6517 Myrtle Ave Glendale, NY 11385-6248

Property Details for 6517 Myrtle Ave

Year built

1931

Lot size

0.05 lot acres

Property size

3,500 SF

Zone code

R5D

Property type

Office buildings

APN

03676-0022

APU

36760022

Description

This exceptional 3,500 square foot L-shaped brick commercial building presents a lucrative investment opportunity in Glendale, NY. Boasting two street accesses, the property enjoys a prime location within a high-traffic area, ensuring consistent foot and vehicle traffic. Currently occupied by two commercial tenants, the building generates substantial rental income. The first-floor tenant, Benjamin Moore, occupies a significant portion of the space, paying a monthly rent of $3,713.15, increasing to $3,827.10 in December. Their lease expires November 29th. The second floor features an office space, currently leased for $2,250 per month, with a lease expiration date of October 25th. Both tenants are responsible for all utilities except taxes and water/sewer. The building also includes a full walk-out basement, offering additional storage or potential for expansion. Annual property taxes are approximately $24,404. The building's dimensions are 20 feet by 58 feet, providing ample space for the current tenants and potential future uses. This property offers a strong cash flow with potential for increased rental income upon lease renewals. The high-traffic location and existing tenant base make this an ideal investment for a discerning buyer seeking a stable and profitable commercial property.

Location Insight

City

Glendale

County

Queens

State

New York

Longitude

-73.8896

Latitude

40.7015

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments