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    116-12 Myrtle Ave Queens, NY 11418

    For Lease
    $20 SF/Yr

    Prime Office Space, Flexible Layouts

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A office building in Richmond Hill, Queens offers a variety of flexible spaces ideal for diverse businesses. Located near the J & Z subway lines (5-minute walk), this four-story, 40,000 square foot building boasts a single elevator and on-site superintendent. Currently, 6,750 square feet of space is available, with individual suites ranging from 146 to 300 square feet, and the possibility of combining units for larger spaces up to a maximum contiguous 3,000 square feet. The minimum leasable space is 1,750 square feet. Individual suites are perfect for executive offices, medical practices, or creative businesses. All utilities and Wi-Fi are included in the monthly rent, which varies depending on suite size. The building, constructed in 1925, is zoned R6B, C2-4 and allows for all office/professional uses. Available suites are located on the third floor. Specific suite sizes and rental rates are available upon request. This is a fantastic opportunity to secure prime office space in a well-maintained building with convenient access to public transportation.

    Property Features for 116-12 Myrtle Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Class
    A
    Total Rate
    66666.67

    Building Details

    Year Built
    1925
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite #C
    Size
    1,750 SF
    Rate per SF
    $20
    Space
    Individual Office Suites
    Size
    1,650 SF
    Rate per SF
    $16,800

    HighLights

    • 40,000 SF Class A office building in Richmond Hill, Queens County.
    • Multiple suites available, ranging from 150 to 3,000 square feet.
    • 6,750 square feet of vacant space; minimum divisible space is 1,750 SF, maximum contiguous space is 3,000 SF.
    • Building features one elevator and an on‑site superintendent.
    • Located near the J and Z subway lines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arrow Solutions LLC Software Company

    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
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8335418
    Latitude
    40.70021749

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    FAQs

    What type of property is this?
    Office space - Prime Office Space, Flexible Layouts
    Where is this office space located?
    The property is located at 116-12 Myrtle Ave Queens, NY.
    What is the lease rate?
    The lease rate is $20-$16,800 SF/Yr.
    What are key features of this property?
    This property features: 40,000 SF Class A office building in Richmond Hill, Queens County.; Multiple suites available, ranging from 150 to 3,000 square feet.; 6,750 square feet of vacant space; minimum divisible space is 1,750 SF, maximum contiguous space is 3,000 SF.
    Request Owner's contact information
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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
    116-12 Myrtle Ave Queens, NY 11418
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