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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Investment properties
7116 Myrtle Ave Glendale, NY 11385-7254
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-1308654
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1899
Total area
3,960 SF
Lot
0.04 ac (1,955 SF)
Zoning code
R5D
APN
03709-0029
UPID
US63-1308654
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$985k
Owner & transaction history
7116 Myrtle Avenue LLC · 1 yrs held
7116 Myrtle Avenue LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
R5D · Glendale, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$870,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,430,000
Current use
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $1.10M (Jan 13 2025)
Last sale anchor
$1.10M
Jan 13 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$249 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,498
Tax year 2024
Assessed value
$88,260
Assessed 2024
Previous assessed
$39,917
+121.1% YoY
Effective rate
9.63%
On assessed value
Assessed land
$14,940
Assessed improvement
$73,320
Land market value
$249,000
Improvement market value
$1,222,000
Total market value
$1,471,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1899
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
3,960 SF
Lot
0.04 ac (1,955 SF)
Zoning code
R5D
APN
03709-0029
UPID
US63-1308654
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Glendale, NY
Zoning R5D · permitted uses
R5D · Glendale, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1899
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
7116 Myrtle Avenue LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7116 MYRTLE AVE, GLENDALE, NY 11385-7254
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
$1,100,000
7116 Myrtle Avenue LLC
71-16 Myrtle Avenue LLC
Deed
—
May 1, 2019
—
71-16 Myrtle Avenue LLC
—
Deed
related
$1,000,000 · Liftforward INC
Jan 9, 2018
—
71-16 Myrtle Avenue LLC
—
Deed
related
$1,000,000 · Liftforward INC
Dec 21, 2011
$570,000
71-16 Myrtle Avenue LLC
Cml Generation Realty LLC
Deed
$370,500 · Flushing Savings Bank
Sep 11, 2006
—
Cml Generation Realty LLC
Hughes Associates INC
Grant Deed
related
—
—
—
71-16 Myrtle Avenue LLC
—
Deed Of Trust
related
$1,000,000 · Liftforward INC
—
—
71-16 Myrtle Avenue LLC
—
Loan Modification, Consolidation And Extension
related
$475,000 · Flushing Bk
—
—
71-16 Myrtle Avenue LLC
—
Deed Of Trust
related
$122,269 · Flushing Bk
—
—
71-16 Myrtle Avenue LLC
—
Deed Of Trust
related
$1,000,000 · Liftforward INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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