New Listing - 11/13/2024
71-31 Myrtle Avenue, Queens, (Glendale), NY, 11385
12 rooms
4 beds
4 Full / 1 Half baths
1931
Store+Dwell
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.
Status:
Active
Town:
Queens
Type:
Multi-family
Units:
4
Heating:
Oil, Hot Water
Cooling:
Window Unit(s)
Basement:
Full, Unfinished
Acreage:
0.05
Est. Taxes:
$17,619
Construction
Brick
Lot Description:
Level, Near Public Transit
Elementary School:
Is 119 Glendale (The)
Middle School:
Is 119 Glendale (The)
High School:
Maspeth High School
School District:
Community District 24
Appliances:
Oven, Refrigerator
MLS #:
3590985
Community Info
School Info
Walk Score
Mass Transit
Yelp
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New or Coming Soon Properties
Listing courtesy of Compass Greater NY LLC 347-946-0050