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71-29 Myrtle Avenue Queens, NY 11385
$1,365,000
  • For Sale
  • 6 Bedrooms
  • 2 Full Baths
  • 1 Half Bath
  • 4088 SqFt
  • Year Built 1910
  • Commercial
  • ML# 3590976

Property Details

Overview

2-family with a retail storefront in Prime Glendale, Queens! Both residential units are free market with no leases in place. The commercial space as well as one of the residential units will be delivered vacant. 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.

Key Facts

  • SqFt: 4088.00
  • Style: Other
  • Lot Sq Ft: 2135
  • Taxes: $7,726
  • School District: Queens24
  • Block: 3693
  • Lot: 24

Additional Features

  • Construction Materials: Brick
  • Interior Features: 
    Eat-in Kitchen
  • Parking Facilities: None
  • Wood Floors: Yes

Rooms & Floor Plans

  • Bedroom: 6
  • Dining Room: 1
  • Full Bath: 2
  • Half Bath: 1

Interior & Utilities

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

Financial

  • Taxes: $7,726
Listing Information provided courtesy of Compass Greater NY LLC  
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