116-14 Myrtle Ave Queens, NY 11418
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.