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    67-03 Myrtle Ave Flushing, NY 11385

    For Sale
    $1,425,000

    Multi-Unit - NY, NY

    Days on Market:
    165
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 67-03 Myrtle Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room
    Bedrooms
    6
    Bathrooms
    3
    Parking features
    Garage
    Basement Y/N
    1

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1910
    Year renovated
    1910
    Floors in Building
    3
    Architectural style
    Other

    CRIFASI REAL ESTATE INC (718) 821-5999

    Listing agent Joseph V. Crifasi (718) 821-5999

    Listing date Jun 30, 2025

    MLS# 11526035 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 Building Investment Opportunity

    This mixed-use building presents an investment opportunity with both commercial and residential components. The first floor is occupied by an operating 99 cent store, generating a monthly rental income of $2,500. The store's lease extends until December 31, 2028, and the tenant covers electricity costs for their space and common areas. The second and third floors each contain identical 3-bedroom apartments, each featuring an eat-in kitchen, dining room, living room, and one full bathroom. Each apartment rents for $1,700 per month and are currently without leases. The property also includes a full basement and a private yard. This property is suitable for investors or owner-occupants seeking rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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
    -73.886331
    Latitude
    40.701694

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with commercial space and residential units for sale.
    Where is this mixed-use property located?
    The property is located at 67-03 Myrtle Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,425,000.
    What are key features of this property?
    This property features: - Stable $2,500/month rental income from a commercial tenant (99 cent store) with a lease until 12/31/28; - Two spacious 3-bedroom apartments on the 2nd & 3rd floors, each generating $1,700/month; - Mixed-use building offering both commercial and residential income streams
    (718) 821-5999
    Request Owner's contact information
    67-03 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
    67-03 Myrtle Ave Flushing, NY 11385
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