new - 2 days on rocket

71-31 Myrtle Ave, Glendale, NY, 11385

$1,365,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths, 1 Partial
Multi

Location

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71-31 Myrtle Ave, New York$1,365,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1931
HeatingOil, Hot Water
CoolingWindow Unit(s)
BasementYes
MLS #3590985
Lot Size0.05 Acres
StatusActive
(A)

About 71-31 Myrtle Ave

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Store+Dwell
  • Year Built: 1931

Listing Office:

  • Office Name: Compass Greater NY LLC
  • Office Phone: (347) 946-0050

Interior Features

Interior Information:

  • Appliances: Oven, Refrigerator
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Eat-in Kitchen, Living Room/Dining Room Combo, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Level, Near Public Transit
  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Oil, Hot Water
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: See Google Maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,365,000
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

71-31 Myrtle Ave vs New York

2 DAYS ON ROCKET

-82 Days

$1,365,000

+$508.8K More

KEY TAKEAWAY

This property is $508.8K more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3590985

Listing Office:

  • Office Name: Compass Greater NY LLC
  • Office Phone: (347) 946-0050

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/15/2024, 10:56:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$6,880

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,159

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-71555
4
/10

  • P.S. 239 Queens

  • 1715 Weirfield St

  • 0.30 miles

  • Public District Grades KG-5

school-card-donut-71556
6
/10

  • P.S. 81 Jean Paul Richter School

  • 559 Cypress Ave

  • 0.34 miles

  • Public District Grades PK-5

school-card-donut-71557
3
/10

  • P.S. 116 Elizabeth L. Farrell School

  • 515 Knickerbocker Ave

  • 0.38 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,696. The most common annual income of people living in New York, NY is less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Queens County›New York›11385›71-31 Myrtle Ave

This home is located at 71-31 Myrtle Ave in Glendale, NY and zip code 11385 in the Ridgewood neighborhood. This home, which was built in 1931, sits on a 0.05 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $1,365,000.

New York, NY housing market in October 2024 saw over 269 listings sold above listed price, more than 850 sold at listed price and over 833 sold below. The number of listings in New York, NY increased by 1.8% between September 2024 and October 2024. In October 2024 median list price was $856,124 and the average listing age was 84 days.

From Rocket Homes Real Estate and based on county public records data.

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