$1,299,000
Updated a year ago
Off Market

71-31 Myrtle Ave

Glendale, Queens | 71st Place & 72nd Street

12 Rooms4 Beds4.5 Baths3,180 Square FeetMixed Use

$1,299,000
floors / apts3 / 4
Lot Size20'x109'
Built Size20'x53'
ZoneR5D
Building TypeLow-Rise
RE Taxes$17,819
Price Per SF
$408

Outdoor space and views

  • Patio

Building Amenities

  • Voice Intercom

Property Description for 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

Listing History for 71-31 Myrtle Ave

Now
03/25/2025
TOM by Bianca Colasuonno
Compass
01/17/2025
$1,299,000 [-$66,000] [4.8%]
Price Drop by Bianca Colasuonno
Compass

Building Details for 71-31 Myrtle Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/4
Learn More About the Building

Contact Agents

Contact Agents

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 98341TH