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Property Description

PRIME MIXED USE INVESTMENT OPPORTUNITY IN THE HEART OF MYRTLE AVE!
Welcome to 6938 Myrtle Ave, a rare mixed-use asset offering strong income, zero deferred maintenance, and exceptional upside. Perfect for both investors and owner operators seeking a high yield property in a high demand corridor.
This Property offers Three income producing units with an impressive projected gross income of $132,216 Annually, supported by stable residential rents and a high visibility commercial space.

Current Rent Roll
4 Bedroom Residential Unit: $3868/Month – VACANT
3 Bedroom Residential Unit: $2,150/Month – Occupied
2 Commercial Spaces: $5,000/Month-VACANT (Projected) (1 entry on 6938 Myrtle Ave, 2nd entry on 6937 Cooper Ave ) Space can be split in two different spaces or 1 large space.

Total Annual Expenses: $13,500
Net Operating Income (NOI): $118,716
Cap Rate: 7.7

The Commercial Store front offers excellent, exposure on busy Myrtle Ave- Ideal for retails, Professional use, or stable long term tenancy. The Residential units are well sized, separately metered, and positioned for long term cash flow.

Whether You’re looking to expand your portfolio or secure a reliable mixed use building in a prime location, this property delivers strong numbers, strong location, and strong potential.

A PERFECT BLEND OF STABILITY AND OPPORTUNITY- DON’T MISS OUT!

Features
Heating System:
Natural Gas
Cooling System:
Central Air
Basement:
Finished, Walk-out Access
Sewer:
Public Sewer
Utilities:
No
Address Map
City:
NY
State:
NY
County:
Queens
Property and Construction
Development Status:
Brick
Agent MlsId:
54341
Office MlsId:
EXPRLT
Special Listing Conditions:
No
Tax Annual Amount:
$8,500
Water Source:
Public
PhotosCount:
21

Commercial Sale For Sale

6938 Myrtle, New York, NY

$1,550,000
Listing ID #937059
Basic Details
Property Type :
Commercial Sale
Property SubType :
Mixed Use
Listing ID :
937059
Price :
$1,550,000
Bathrooms Total :
0
Building Area :
3,500 Sqft
Status :
Active
Status :
Active
Listing Office :
eXp Realty
Listing Agent :
Bryan Y. Blanco
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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