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76-17 Myrtle Ave 3,300 SF Retail Building Ridgewood, NY 11385 $2,099,419 CAD ($636.19 CAD/SF) 8.69% Cap Rate
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 8.69 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!!! 8.69 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. (8.69% 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. (8.69% Cap!!!)
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$215,046
|
$65.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$215,046
|
$65.17
|
| Taxes |
$15,009
|
$4.55
|
| Operating Expenses |
$17,693
|
$5.36
|
| Total Expenses |
$32,702
|
$9.91
|
| Net Operating Income |
$182,344
|
$55.26
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $215,046 |
| Annual Per SF | $65.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $215,046 |
| Annual Per SF | $65.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,009 |
| Annual Per SF | $4.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,693 |
| Annual Per SF | $5.36 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,702 |
| Annual Per SF | $9.91 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $182,344 |
| Annual Per SF | $55.26 |
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
$2,099,419 CAD
Price Per SF
$636.19 CAD
Cap Rate
8.69%
NOI
$182,344 CAD
Tenancy
Single
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
-
- Retailer
- -
- -
- -
Myrtle Meds Pharmacy provides specialized pharmacy services for workers' compensation and no-fault insurance claims. The company handles all insurance paperwork, allowing customers to receive medications without out-of-pocket costs. Services include free medication delivery within New York City and consultations about prescriptions. Myrtle Meds Pharmacy emphasizes personalized care and convenience for customers dealing with insurance claims and operates in the broader New York City area.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $178,352 CAD (2025) | |
| Land Assessment | $82,095 CAD (2025) | Annual Taxes | $15,009 CAD ($4.55 CAD/SF) |
| Improvements Assessment | $96,257 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$82,095 CAD (2025)
Improvements Assessment
$96,257 CAD (2025)
Total Assessment
$178,352 CAD (2025)
Annual Taxes
$15,009 CAD ($4.55 CAD/SF)
Tax Year
2026
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76-17 Myrtle Ave
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