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    75-21 Myrtle Ave Flushing, NY 11385

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    For Sale
    $1,695,000

    Three-family mixed-use property with commercial storefront in thriving Glendale.

    Lot size:
    0.05 Acres

    Property Features for 75-21 Myrtle Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1920

    Source: Jamie Realty Group Agent Davin Dubon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Glendale

    Located in the Glendale neighborhood, 75-21 Myrtle Avenue is a semi-attached brick building featuring a three-family mixed-use property. The property includes two 2-bedroom apartments, one 1-bedroom apartment, and a commercial storefront on the ground level. The property benefits from high foot traffic and strong rental demand. An attached 2-car garage provides additional value. The property generates a current annual rental income of $123,000 and has a cap rate of 6.25%. This multi-family mixed-use asset is suitable for investors seeking immediate income in a thriving commercial corridor of Queens.
    Location Intelligence

    Current Use by Public Records

    Trinity Rx Pharmacy Pharmacy

    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
    -73.90995
    Latitude
    40.699854

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    FAQs

    What type of property is this?
    Mixed-use property - Three-family mixed-use property with commercial storefront in thriving Glendale.
    Where is this mixed-use property located?
    The property is located at 75-21 Myrtle Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: - High annual rental income of $123,000.; - Attractive cap rate of 6.25%.; - Located in the high-traffic Glendale neighborhood.
    (718) 886-0668
    Request Owner's contact information
    75-21 Myrtle Ave 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
    75-21 Myrtle Ave Flushing, NY 11385
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