71-31 Myrtle Avenue, Queens, NY 11385

bedrooms 4
bathrooms 4
|Other
THB ฿47,095,709
USD $1,365,000
Published on: 08 Dec 2024
Last updated on: 02 Jan 2025
71-31 Myrtle Avenue, Queens, NY 11385
71-31 Myrtle Avenue, Queens, NY 11385
71-31 Myrtle Avenue, Queens, NY 11385
+18
71-31 Myrtle Avenue, Queens, NY 11385
  • 18
Property ID: 110096157896
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Commercial Building, Low-rise - Queens, NY

71-31 Myrtle Avenue, Queens, NY 11385
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. Perfect for savvy investors, this portfolio includes a 2-family with a retail storefront alongside a 4 family with a storefront - a total of 6 Residential Units + 2 Commercial Storefronts. 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 one of the buildings, bringing immediate income potential and community recognition. Ideal opportunity for an owner/user. The neighboring storefront is occupied with a lease. 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

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Building Size
295.43 m2
Rooms
4 bedroom(s), 4 bathroom(s)
Architecture Style
Other
County
Queens
Provider
My State MLS
Brokerage Office Name
Compass
Neighbourhoods
Glendale
Address
71-31 Myrtle Avenue, Queens, NY 11385
Contact Agent
Bianca Colasuonno
Compass
90 Fifth Avenue, 3rd Floor, New York, NY 10011
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Bianca Colasuonno
90 Fifth Avenue, 3rd Floor, New York, NY 10011
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      Property ID: 110096157896

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