A Mixed-use Property Sold For $2.2M In Glendale
71 14 Myrtle Avenue & 71 16 Myrtle Avenue
$2,200,000
$178/SF
Building Size
6,150 SF
Asset Type
Mixed-use
Closing
Jan 11, 2025
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 71-14 Myrtle Avenue & 71-16 Myrtle Avenue in Glendale. The sale price was $2,200,000, with a total square footage of 6,150, which translates to a price per square foot of $357.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Address: 71-14 Myrtle Avenue & 71-16 Myrtle Avenue
- Market: Glendale
- Square Footage: 6,150
- Price Per Square Foot: $357
- Seller: John Rafferty
- Brokers: Christopher Pesce & Kenneth Hester - Douglas Elliman
The transaction was represented by brokers Christopher Pesce and Kenneth Hester from Douglas Elliman, handling the sale for the seller, John Rafferty. Their roles were pivotal in facilitating this closed property transaction in Glendale.
On the Map
$2,200,000
$178/SF
Mixed-use
View full map
Players
Glendale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Kenneth "Ken" Hester to view all their deals.
Browse Glendale mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93