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    62-22 Myrtle Ave Flushing, NY 11385

    New
    For Sale
    $1,595,000

    Commercial Building, Low-rise - Queens, NY

    Property size:
    3,135 SF
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 62-22 Myrtle Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    Parking features
    Garage
    Size
    3,135 SF

    Building Details

    Architectural style
    Other

    Compass

    Listing agent Cassandra Frank

    Listing date Dec 3, 2025

    MLS# 11609112 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Queens

    This mixed-use property is located on the border of Ridgewood and Glendale in Queens, NY. The building features two 3-bedroom residential units and a commercial space. The property offers a 5% cap rate. Both the commercial and residential units are currently below market rates, presenting an opportunity for substantial upside. The residential units can be delivered vacant. The property has a size of 3135 square feet and is located at 62-22 Myrtle Avenue, Queens, NY 11385.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.89244
    Latitude
    40.700766

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial units in Queens.
    Where is this mixed-use property located?
    The property is located at 62-22 Myrtle Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: - Mixed-use property featuring two 3-bedroom residential units and a commercial space.; - Located on the border of Ridgewood and Glendale.; - Offers a 5% cap rate.
    (212) 375-9999
    Request Owner's contact information
    62-22 Myrtle Ave Flushing, NY 11385
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    Flushing, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    62-22 Myrtle Ave Flushing, NY 11385
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