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Investment Highlights

  • Ideal User or Invest. Grould floor with modern offices and off street parking

Executive Summary

The subject property consists of two adjoining mixed-use buildings located at **79-35 and 79-37** (Block 3829, Lots 40 and 39).
The ground floor contains approximately **2,737 square feet** of commercial space, currently configured as a law office and an accounting office. The space has been updated with central HVAC and will be delivered **vacant at closing**.
The **79-35** building contains **two vacant one-bedroom apartments** on the second floor. The **79-37** building contains **two six-room apartments**: the second-floor apartment is rented for **$1,900 per month**, and the third-floor apartment is vacant with an estimated market rent of **$3,000 per month**.
The property includes a **full basement of approximately 2,200 square feet** and a private driveway from **79th Place** leading to **six off-street parking spaces**.
The property is zoned **R5B/C1-3**, offering potential for additional development above the **79-35** building and in the rear yard, subject to verification of zoning and building regulations.

Taxes & Operating Expenses (Actual - 2025)

Annual (CAD)
Gross Rental Income $259,216
Other Income -
Vacancy Loss -
Effective Gross Income $259,216
Taxes $24,080
Operating Expenses $16,290
Total Expenses $40,370
Net Operating Income $218,846

Taxes & Operating Expenses (Actual - 2025)

Gross Rental Income (CAD)
Annual $259,216
Other Income (CAD)
Annual -
Vacancy Loss (CAD)
Annual -
Effective Gross Income (CAD)
Annual $259,216
Taxes (CAD)
Annual $24,080
Operating Expenses (CAD)
Annual $16,290
Total Expenses (CAD)
Annual $40,370
Net Operating Income (CAD)
Annual $218,846

Property Facts

Price $3,967,068 CAD
Price / SF $1,526 CAD / SF
Sale Condition 1031 Exchange
Cap Rate 5.52%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 2,600 SF
Total Land Area 0.05 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
7935 Myrtle Ave, Glendale, NY 11385 Office 2,600 SF 1931 -
Show More > < Show Less
  • Listing ID: 41209512

  • Date on Market: 2026-07-08

  • Last Updated:

  • Address: 7935 & 7937 Myrtle Ave package Deal, Glendale, NY

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