Impeccable Mixed-Use Property at 62 22 Myrtle Avenue
FOR SALE
$1,595,000
62 22 Myrtle Avenue, Glendale, NY 11385
5.08%
CAP
Property Description
NOI
$81,010
Cap Rate
5.08%
Impeccable investment opportunity for turn key investor , value add or owner user.
The retail lease expires 2/28/2026
Residential tenants are month to month .
Property Details
Asset Type
Mixed-use
Neighborhood
Glendale
Submarket
Glendale
ZIP
11385
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$128,523
Debt Service Coverage Ratio (DSCR)
1.42x
Cap Rate
8.06%
Cash Flow (Annual)
$37,789
Cash-on-Cash Return
9.48%
Monthly Debt Service
$7,561
Annual Debt Service
$90,733
View on Map
Address
62 22 Myrtle Avenue
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Glendale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
