4 days on Rocket
$10,000 Closing Credit¹
#833960, Listing Office: Highline Real Estate Services
$1,299,000 List price
71-31 Myrtle Ave Glendale, NY 11385
$10,000
Closing credit¹
0 beds
1 partial
Multi-Family
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
Home typeQuadruplex
HeatingOil, Hot Water
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Year built1931
MLS #L3590985
Summary
- MLS Number: L3590985
- MLS Name: ONEKEY2
- Office Name: Compass Greater NY LLC
- Office Phone: (212) 913-9058
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
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
closing credit¹
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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.
How much money do the neighbors make?
46%
<35k
42%
35k-100k
9%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
16%
Single, with Kids
20%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
8%
12-17 yrs old
30%
18-34 yrs old
41%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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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.
From Rocket Homes Real Estate and based on county public records data.