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71-31 Myrtle Avenue Glendale, NY 11385
$1,365,000
  • For Sale
  • 4 Bedrooms
  • 4 Full Baths
  • 1 Half Bath
  • Year Built 1931
  • Commercial
  • ML# 3590985

Property Details

Overview

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

Key Facts

  • Style: Other
  • Lot Sq Ft: 2226
  • Taxes: $17,619
  • School District: PS/IS 119 Glendale (The)

Additional Features

  • Construction Materials: Brick
  • Interior Features: 
    Eat-in Kitchen, Walk-In Closet(s)
  • Parking Facilities: None
  • Wood Floors: Yes

Rooms & Floor Plans

  • Bedroom: 4
  • Dining Room: 1
  • Full Bath: 4
  • Half Bath: 1
  • Other: 2

Interior & Utilities

  • Heat: Oil, Hot Water
  • A/C: Wall/Window Unit(s)
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $17,619
Listing Information provided courtesy of Compass Greater NY LLC  212-913-9058
OneKey™ MLSThe 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 2020, OneKey™ MLS
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Cell: (516) 298-5382
Contact

JUDY FRUITBINE

Licensed Associate Real Estate Broker

Cell: (516) 298-5382 Email: jfruitbine@aol.com