New Listing - 11/13/2024

$1,365,000 ($333.90 per sqft)

Est. Mortgage $6,724/mo *

Quick Pre-Approval

71-29 Myrtle Avenue, Queens, (Glendale), NY, 11385

71-29 Myrtle Avenue, Queens, (Glendale), NY, 11385

10 rooms

6 beds

2 Full / 1 Half baths

1910

Store+Dwell

4,088 sqft

Unique Investment Opportunity Available: Two Adjacent Mixed-Use Buildings in a Prime Glendale, Queens Location! This is a rare chance to own two adjacent mixed-use properties in Queens, sold together as a package deal. This package is Perfect for savvy investors. *Note that the price listed here is for this building only. This building includes a 2-family with a retail storefront. All residential units are free market with no leases in place. This well-positioned package offers incredible rental income potential, ideal for generating consistent revenue. 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:

2

Heating:

Oil, Hot Water

Cooling:

Window Unit(s)

Basement:

Full, Unfinished

Acreage:

0.05

Est. Taxes:

$7,726

Construction

Brick

Lot Description:

Level, Near Public Transit

Elementary School:

Ps 88 Seneca

Middle School:

Is 119 Glendale (The)

High School:

Maspeth High School

School District:

Community District 24

Appliances:

Microwave, Oven, Refrigerator

MLS #:

3590976


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Compass Greater NY LLC 347-946-0050