Current Use by Public Records
- Mixed-use properties
Property Details for 71-47 Myrtle Ave
- Property type
- Mixed-use properties
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- 36081
- State
- New York
- Longitude
- -73.8785
- Latitude
- 40.7024
