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Property profile & analytics
OFF-MARKET
Mixed-use properties

116-14 Myrtle Ave Queens, NY 11418

5,100 SF
Property ID
Property summary
AI-generated overview

This exceptional mixed-use building, located at 116-14 Myrtle Avenue in Richmond Hill, Queens, presents a unique investment opportunity. The property boasts 5,100 square feet of space across three stories, situated on a 5,000 square foot lot. Currently configured as a radiology center with a separate one-bedroom apartment, the building offers significant versatility. The zoning permits R6B and C2-4 uses, making it suitable for medical, professional, or religious purposes, among other commercial applications. The existing radiology equipment is available for purchase separately, offering a potential turnkey operation for a new owner. The building features convenient ADA-compliant bathrooms and a rear ramp for accessibility. The apartment, renovated and with its own rear entrance, adds to the property's income potential. Its prime location near Forest Park and the Van Wyck Expressway, and just four blocks from the J and Z subway lines at 121st Street Station, ensures high visibility and convenient access. The asking price is $1,750,000, translating to $343.14 per square foot. With 50 feet of frontage on Myrtle Avenue, this property offers substantial potential for a variety of uses and a strong return on investment.

Property profile
Verified
Property type Mixed-use properties
Total area 5,100 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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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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