#833960, Listing Office: Highline Real Estate Services
71-31 Myrtle Ave Glendale, NY 11385
Property details
About 71-31 Myrtle Ave
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
Highlights
Summary
- MLS Number: L3590985
- MLS Name: ONEKEY2
- Office Name: Compass Greater NY LLC
- Office Phone: (212) 913-9058
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Last updated on: 3/15/2025, 1:11:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,299,000
71-31 Myrtle Ave
$10,000
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Price information
Property sales
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Tax history
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Nearby schools
5
P.S. 239 Queens
Public District KG-5
0.3 mi
•1715 Weirfield St
6
P.S. 81 Jean Paul Richter School
Public District PK-5
0.3 mi
•559 Cypress Ave
4
P.S. 116 Elizabeth L. Farrell School
Public District KG-5
0.4 mi
•515 Knickerbocker Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,696. Residents of Glendale, NY typically earn less than $<35k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
Similar homes for sale
This home is located at 71-31 Myrtle Ave in Glendale, NY and zip code 11385 in the Ridgewood neighborhood. Features: 0 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $1,299,000.
While more than 189 listings in Glendale, NY in February 2025 were sold above asking price, there were more than 682 listings sold at asking price, and more than 627 were sold below. The inventory of homes for sale in Glendale, NY between January and February 2025 decreased by 3.1%. The median list price of listings available in February 2025 was $867,439, while the average time on the real estate market was 130 days.