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71-31 Myrtle Avenue, Glendale, NY, 11385 $1,365,000

Commercial For Sale 4 Beds , 4 Full Bath , 1 Half Bath  

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Details ML#: 3590985  

  • Style: Other
  • # of Families: 4
  • Year Built: 1931
  • Taxes: $17,619
  • Status:Active

Description

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

More Property Details

Room Information

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

Property Features

Lot Sq Ft: 2226   Parking Facilities: None  

Appliances & Utilities

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

Financial

Taxes: $17,619  

Local Area Information

School District: PS/IS 119 Glendale (The)  

Listing Information provided courtesy of Compass Greater NY LLC  212-913-9058
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