Updated 2 days ago
In contract

116-14 Myrtle Ave

Richmond Hill, Queens | 116th Street & 117th Street

5,100 Square FeetDevelopment Site

$1,588,888
floors / apts2 / 1
Lot Size50'x100'
Built Size40'x93'8"
ZoneR6B
Building TypeHouse
RE Taxes$42,694
Price Per SF
$312

Property Description for 116-14 Myrtle Ave

Prime development opportunity in the heart of Richmond Hill! This 50 x 100 lot is positioned within R6B zoning with a C2-4 commercial overlay, offering outstanding potential for residential or mixed-use redevelopment. With a base FAR of 2.0 and the potential to reach up to approximately 2.4 FAR through applicable city programs and incentives (buyer to verify with architect), developers have the opportunity to create an estimated 10,000 to 12,000 square feet of buildable space. The zoning allows for a variety of possibilities, including a new mixed-use building featuring ground-floor retail or professional space with residential apartments above, a boutique residential building with multiple full-floor units, or a community facility such as medical offices, educational space, or professional use. The C2-4 overlay provides added flexibility and enhances long-term value by supporting commercial frontage along this active corridor. Located on a well-traveled street with excellent visibility, and just moments from public transportation, shopping, dining, and neighborhood amenities, this property is ideally positioned for strong future demand. An exceptional opportunity for developers, investors, and builders seeking to maximize development potential and long-term returns in a thriving Queens neighborhood.

Listing History for 116-14 Myrtle Ave

Now
06/25/2026
Contract Signed by Zhen Hu
Key Impact Realty
03/10/2026
$1,588,888 [-$60,112] [3.6%]
Price Drop by Zhen Hu
Key Impact Realty

Building Details for 116-14 Myrtle Ave

OwnershipDevelopment Site
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts2/1
Learn More About the Building

Transit and Citi Bike

Subway

111 St
0.24 miles
121 St
0.27 miles

Contact Agents

Contact Agents

Zhen Hu
Key Impact Realty
Licensed As
Allison Eng
Salesperson
License#:
10401398333
Company:
Key Impact Realty
Allison Eng
Key Impact Realty
View this property on the company's website
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: 78524TH