1 month 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 TypeQuadruplex
ParkingNone
Year Built1931
HeatingOil, Hot Water
CoolingWall/Window Unit(s)
MLS #L3590985
StatusActive

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., Additional information: Interior Features:Lr/Dr

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1931

Listing Office:

  • Office Name: Compass Greater NY LLC
  • Office Phone: (212) 913-9058

Interior Features

Interior Information:

  • Flooring Type: Hardwood
  • Interior: Eat-in Kitchen, Walk-In Closet(s)

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Patio

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: Near Public Transit, Level

Utilities

Utilities Information:

  • Heating: Oil, Hot Water
  • Cooling: Wall/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

$850.1K

Med. Price/SqFt

$667

Avg. Days On Market

85

# of Sold Homes

1747

71-31 Myrtle Ave vs New York

34 DAYS ON ROCKET

-51 Days

$1,365,000

+$514.8K More

KEY TAKEAWAY

This property is $514.8K 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: ONEKEY2
  • MLS Number: #L3590985

Listing Office:

  • Office Name: Compass Greater NY LLC
  • Office Phone: (212) 913-9058

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: 12/17/2024, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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-4260575
4
/10

  • P.S. 239 Queens

  • 1715 Weirfield St

  • 0.30 miles

  • Public District Grades KG-5

school-card-donut-4260576
6
/10

  • P.S. 81 Jean Paul Richter School

  • 559 Cypress Ave

  • 0.34 miles

  • Public District Grades PK-5

school-card-donut-4260577
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. Residents of New York, NY typically earn less than $35k each year. The most common type of family is single, no kids. The most common level of education of people living 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 was built in 1931. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $1,365,000.

In November 2024 more than 220 listings in New York, NY were sold above the asking price. During the same period more than 769 listings were sold at asking price, while more than 758 were sold below. The number of listings in New York, NY decreased by 7.2% between October 2024 and November 2024. In November 2024 median list price was $850,115 and the average listing age was 85 days.

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

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