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Property profile & analytics
OFF-MARKET
Mixed-use properties

71-47 Myrtle Ave Glendale, NY 11385

2,185 SF
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property, located at 71-47 Myrtle Avenue in Glendale, NY, presents a compelling investment opportunity. The well-maintained corner brick building boasts 2,185 square feet and features four residential units. The first floor comprises two spacious one-bedroom apartments, while the second floor offers a two-bedroom unit and an additional one-bedroom apartment. All units feature hardwood floors, adding to their charm and appeal. A full basement provides ample storage and laundry facilities for residents. One first-floor unit enjoys a private backyard. The building dimensions are 19 x 80 feet, situated on a 2,185 square foot lot, zoned R5D. This property offers convenient access to public transportation, including local buses (Q58, Q55, B13) and express buses to NYC (QM24, QM25, QM34), as well as the M/L trains. Nearby amenities include shopping centers, schools, gyms, Forest Park, Trader Joe's, Home Depot, and Atlas Mall. One apartment will be vacant upon sale, providing immediate occupancy potential. The asking price is $1,375,000. This property is ideal for owner-occupants seeking rental income or experienced investors looking for a strong return, including those considering a 1031 exchange. Additional photos will be available soon.

Property profile
Verified
Property type Mixed-use properties
Total area 2,185 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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