71-31 Myrtle Avenue, Glendale, NY 11385

18 Photos
 
$1,299,000
Active for Sale
0.5 Baths
Built In 1931
 
Listing ID 11411434
Property Type Residential
County Queens
School Queens24
Total Tax $17,619
Tax ID 03693-0023
FEMA Flood Map fema.gov/portal
Year Built 1931
Virtual Tour
4-family with a retail storefront in Prime Glendale, Queens! All residential units are free market with no leases in place. This is Unique Investment Opportunity as the adjacent property is also for sale. *Note that the price listed here is for this building only. There is a preference for buyers looking to obtain both properties. This well-positioned package offers incredible rental income potential, ideal for generating consistent revenue and perfect for the savvy investor. These two buildings have been in the same family for generations and are available together for the first time, having been carefully tended to for decades. A trusted dry cleaning business with a loyal customer base occupies the first floor of this building, bringing immediate income potential and community recognition. Ideal opportunity for an owner/user. This high-traffic location on Myrtle Ave, one of Queen's most well-known thoroughfares, with excellent visibility, draws plenty of foot traffic to retail spaces and adds value to residential leases. Both buildings feature stable residential units and street-level commercial spaces, creating immediate and diversified cash flow. Great potential for rent growth in a steadily appreciating neighborhood, enhancing long-term value., Additional information: Interior Features:Lr/Dr
Property Details
  • 1 Half Bath
  • 2226 SF Lot
  • Built in 1931
  • Other Style
  • Lower Level: Unfinished
  • Lot Dimensions/Acres: 20.33x109.5
Interior Features
  • Hardwood Flooring
  • 12 Rooms
  • Walk-in Closet
  • Hot Water
  • Oil Fuel
  • Wall/Window A/C
  • basement: Full
  • cooling: Wall
  • Features: Eat-in Kitchen
Exterior Features
  • Brick Siding
  • Community Water
  • Community Septic
  • Patio
  • Window Features: Skylight(s)
  • Lot Features: Near Public Transit, Near School, Near Shops, Level
Community Details
  • Association Amenities: Park
Taxes and Fees
  • $17,619 Total Tax
Listed By
Compass Greater NY LLC
Office: 212-913-9058
Compass Greater NY LLC
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