71-31 Myrtle Avenue

$1,365,000
Price
4
Beds
4
Baths
1
1/2 Bath
3,180 Sq. Ft.
$429 / Sq. Ft.
3,180
Sq. Ft.
$429
per Sq. Ft.

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...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

Listing Agents

  1. Chris Palmer

    Chris Palmer

    Alternative Listing Agent

    Compass

    chris.palmer@compass.com

    P: (347)-481-2976

Property Details for 71-31 Myrtle Avenue

Architectural Style
Other
Section Area
71st Pl
LISTING UPDATED: 12/04/2024 05:57 PM

Property Details for 71-31 Myrtle Avenue

StatusActive
MLS ID3590985
Days on Market32
Taxes$17,619 / year
Maintenance-
Min. Down Pymt-
Total Rooms12.0
Compass TypeMulti Family
MLS TypeQuadruplex
Year Built1931
Lot Size2,226 SF / 20' x 110'
CountyQueens County

Building

71-31 Myrtle Ave

5 Units3 StoriesBuilt in 1931

Building Information for 71-31 Myrtle Avenue

Stories3Residences5Year Built1931Building Size20' x 53'Building Sq. Ft3,180 SFLot Size2,226 SF / 20' x 110'Building Age-Building Type-

Property Information for 71-31 Myrtle Avenue

Summary
Location and General Information
  • Senior Community YN: No
  • Directions: See Google Maps
  • Property Attached: Yes
  • Structure Type: true
  • Levels: Multi/Split
  • State Or Province: NY
School Information
  • School District: Queens24
  • Elementary School: PS/IS 119 Glendale (The)
  • High School District: Queens24
  • High School: Maspeth High School
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Building Units Total: 4
Room Information
Room 1 Information
  • Room Level: Lower
  • Room Type: Auxiliary Room
  • RoomDescription 1: full basement high ceilings
Room 2 Information
  • Room Level: First
  • Room Type: Auxiliary Room
  • Room Description: store front. occupied with a lease. exit to rear yard
Room 3 Information
  • Room Level: Second
  • Room Type: Auxiliary Room
  • Room Description: (2) one bedroom units- front and back
Room 4 Information
  • Room Type: Auxiliary Room
  • Room Description: (2) one bedroom units- front and back
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 03693-0023
  • Included In Taxes: Trash
  • Tenant Pays: Electricity,Gas
  • Additional Fees: 0
  • Association Amenities: Park
Interior and Exterior Features
Interior Features
  • Amenities: Eat in Kitchen, Hardwood Floors As Seen, Other, Park, Patio, Public, Sky Light, Walk In Closet
  • Interior Features: Eat-in Kitchen, Walk-In Closet(s)
  • Number Of Kitchens: 4.0
  • Total Rooms: 12
  • Basement: Full, Unfinished
  • Fireplaces Total: 0
  • Location Amenities: Other/See Remarks, Corner Apartment, Hardwood Floors As Seen, Eat in Kitchen, Walk In Closet, Patio, Sky Light
  • Spa: No
  • Common Walls: 1 Common Wall
  • Window Features: Skylight(s)
  • Flooring: Hardwood
Exterior Features
  • Exterior Property Features: Patio, None, Skylight(s), Near Public Transit, Near School, Near Shops, Level
  • Elevation Certificate: No
  • Patio And Porch Features: Patio
  • Construction Materials: Brick
  • Pool Private: No
Lot Information
  • Lot Features: Near Public Transit,Near School,Near Shops,Level
  • Lot Size Dimensions: 20.33x109.5
  • Site Features: Near Public Transit, Near School, Near Shops, Level
Parking
  • Parking Features: None
  • Parking Total: .00
Utilities
  • Cooling: Wall/Window Unit(s)
  • Heating: Oil, Hot Water
  • Heat Fuel Type: Oil, Hot Water
  • Number Of Heating Zones: 1
  • Number Of Separate Gas Meters: 4
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Trash Collection Public
  • Number Of Separate Electric Meters: 6
Green Features
  • Green Features: Skylight(s), Oil, Hot Water

Property History for 71-31 Myrtle Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 71-31 Myrtle Avenue

Taxable ValueLand$130,500Additions$61,740Total$192,240
Home Facts
Total Finished SqFt3,180 SqFtLot Size2,227 SqFtYear Built1931ZoningR5DAPN4036930023

Schools near 71-31 Myrtle Avenue

This home is within New York City Geographic District #24.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - PK to 5
Public - PK to 5
Rating
School
Distance
I.S. 119 the Glendale
PublicK to 8

Maspeth High School
Public9 to 12

P.S. 91 Richard Arkwright
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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71-31 Myrtle Avenue is a multi-family home for sale in Glendale. This property was listed for sale on November 13, 2024 by Compass, it's currently listed at $1,365,000. This listing's school district is New York City Geographic District #24. Nearby schools include I.S. 119 the Glendale, Maspeth High School and P.S. 91 Richard Arkwright. 71-31 Myrtle Avenue is a 4-bed, 4.5-bath, 3,180 sqft multi-family home built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.