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76-17 Myrtle Ave 3,300 SF 100% Leased Retail Building Ridgewood, NY 11385 $2,156,695 CAD ($653.54 CAD/SF) 8.40% Cap Rate
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 8.4 Cap 100% Occupied 4 Unit 3,300 Sqft. Corner Mixed-Use Building In Glendale For Sale!!!
- The Property Is Located In The Heart Of Glendale Just 3 Blocks From The Jackie Robinson Parkway!!!
- Neighbors Include Starbucks, USPS, HomeGoods, Ulta Beauty, T.J. Maxx, Chili’s Bar & Grill, Cold Stone Creamery, California Pizza Kitchen, +++!!!
- The Property Features Excellent Signage, Great Exposure, R4B/C1-3 Zoning, High 9’ Ceilings, (2) 3 Br. Apartments, (1) 2 Br. Apartment, Basement, +++!!
- The Property Has 21’ Of Frontage On Myrtle Ave. + 106’ On 78th St.!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Executive Summary
Calling All Investors, Developers, & End-Users!!! 8.4 Cap 100% Occupied 4 Unit 3,300 Sqft. Corner Mixed-Use Building In Glendale For Sale!!! The Property Features Excellent Signage, Great Exposure, R4B/C1-3 Zoning, High 9’ Ceilings, (2) 3 Br. Apartments, (1) 2 Br. Apartment, Basement, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Glendale Just 3 Blocks From The Jackie Robinson Parkway!!! The Property Has 21’ Of Frontage On Myrtle Ave. + 106’ On 78th St.!!! Neighbors Include Starbucks, USPS, HomeGoods, Ulta Beauty, T.J. Maxx, Chili’s Bar & Grill, Cold Stone Creamery, California Pizza Kitchen, Dunkin’, McDonald’s, Regal Cinemas, Dollar General, Wendy’s, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Myrtle Meds Pharmacy: $39,403.68 Ann.; 3% Ann. Inc.; Lease Exp.: 8/31/29.
Apt. 1 (3 Br.): $41,568 Ann.; Lease Exp.: 2/28/27.
Apt. 2 (2 Br.): $34,692 Ann.; Lease Exp.: 4/30/27.
Apt. 3 (3 Br.): $41,568 Ann.; Lease Exp.: 2/28/27.
Gross Income: $157,231.68 Ann.
Expenses:
Gas: $0 Ann.
Electric: $495 Ann.
Maintenance & Repairs: $4,000 Ann.
Water & Sewer: $2,400 Ann
Insurance: $6,041 Ann.
Taxes: $10,973.90 Ann.
Total Expenses: $23,909.90 Ann.
Net Operating Income (NOI): $133,321.78 Ann. (8.4% Cap!!!)
Income:
Myrtle Meds Pharmacy: $39,403.68 Ann.; 3% Ann. Inc.; Lease Exp.: 8/31/29.
Apt. 1 (3 Br.): $41,568 Ann.; Lease Exp.: 2/28/27.
Apt. 2 (2 Br.): $34,692 Ann.; Lease Exp.: 4/30/27.
Apt. 3 (3 Br.): $41,568 Ann.; Lease Exp.: 2/28/27.
Gross Income: $157,231.68 Ann.
Expenses:
Gas: $0 Ann.
Electric: $495 Ann.
Maintenance & Repairs: $4,000 Ann.
Water & Sewer: $2,400 Ann
Insurance: $6,041 Ann.
Taxes: $10,973.90 Ann.
Total Expenses: $23,909.90 Ann.
Net Operating Income (NOI): $133,321.78 Ann. (8.4% Cap!!!)
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$213,540
|
$64.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$213,540
|
$64.71
|
| Taxes |
$14,904
|
$4.52
|
| Operating Expenses |
$17,569
|
$5.32
|
| Total Expenses |
$32,473
|
$9.84
|
| Net Operating Income |
$181,067
|
$54.87
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $213,540 |
| Annual Per SF | $64.71 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $213,540 |
| Annual Per SF | $64.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,904 |
| Annual Per SF | $4.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,569 |
| Annual Per SF | $5.32 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,473 |
| Annual Per SF | $9.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $181,067 |
| Annual Per SF | $54.87 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,300 SF
Building Class
C
Year Built
1925
Price
$2,156,695 CAD
Price Per SF
$653.54 CAD
Cap Rate
8.40%
NOI
$181,067 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.52
Lot Size
0.05 AC
Zoning
R4B, C1-3 - low-density, contextual residential district (R4B) with a commercial overlay (C1-3)
Frontage
Amenities
- 24 Hour Access
- Controlled Access
- Corner Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Myrtle Meds Inc Pharmacy
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Myrtle Meds Inc Pharmacy | Retailer | - | - | - |
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (70)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $175,843 CAD (2025) | |
| Land Assessment | $80,940 CAD (2025) | Annual Taxes | $14,904 CAD ($4.52 CAD/SF) |
| Improvements Assessment | $94,903 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$80,940 CAD (2025)
Improvements Assessment
$94,903 CAD (2025)
Total Assessment
$175,843 CAD (2025)
Annual Taxes
$14,904 CAD ($4.52 CAD/SF)
Tax Year
2026
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76-17 Myrtle Ave
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