For Sale
$1,645,000

75-21 Myrtle Ave Queens, NY 11385

Prime Glendale location, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional mixed-use property at 75-21 Myrtle Avenue in Glendale, Queens, presents a compelling investment opportunity. The 2,720 square foot building, constructed in 1920, sits on a 0.05-acre lot and boasts a desirable R4B zoning classification. The two-story structure features a thriving commercial storefront currently operating as a pharmacy, along with three residential units: two 2-bedroom, 1-bathroom apartments and one 1-bedroom, 1-bathroom apartment. All units are currently occupied, generating a substantial rental income stream. Adding to its appeal is a rare attached two-car garage, a highly desirable feature in this area known for limited parking. The building's corner location and semi-attached design provide excellent street visibility and curb appeal, particularly beneficial for the commercial tenant. The dimensions of the building are 20 x 78 feet. This property is offered at $1,645,000 and represents a strong return on investment in a high-traffic area with close proximity to the Jackie Robinson Parkway. Don't miss this chance to acquire a well-established, income-producing asset in a thriving Queens neighborhood.

Highlights

  • Exceptional mixed-use investment opportunity in Glendale, Queens.
  • 2,720 sq ft building on a 0.05-acre lot, R4B zoning.
  • Two-story building with a pharmacy storefront and three residential units (two 2BR/1BA, one 1BR/1BA), all currently occupied.
  • Rare attached two-car garage.
  • Corner location with excellent street visibility; offered at $1,645,000.

Property Details for 75-21 Myrtle Ave

Property type
Mixed-use properties
Square Feet
2,720 SF
Year Built
1920
Buildings
1
Stories
2
Lot Size (sq. ft)
2,178 SF
Units
3

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.702784
Longitude
-73.872713
75-21 Myrtle Ave, Queens, New York

FAQs

What type of property is this?
Mixed-use property - Prime Glendale location, high rental income.
Where is the mixed-use property located?
The property is located at 75-21 Myrtle Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in Glendale, Queens.; 2,720 sq ft building on a 0.05-acre lot, R4B zoning.; Two-story building with a pharmacy storefront and three residential units (two 2BR/1BA, one 1BR/1BA), all currently occupied.
How can I contact the broker?
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75-21 Myrtle Ave
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