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7102 Myrtle Avenue 7102 Myrtle Ave

5 Unit Apartment Building $2,000,000 ($400,000/Unit) Glendale, NY 11385

Apartment Buildings New York Glendale 7102 Myrtle Ave, Glendale, NY 11385

Investment Highlights

  • Prime Location: Strategically positioned on the corner of Myrtle Avenue and 71st Avenue, offering high visibility and accessibility.
  • Current rents are significantly below market value, with market rents estimated to be 40-50% higher, offering substantial upside for income growth.
  • The second floor will be delivered vacant, providing the potential to convert existing office units into four residential apartments
  • Glendale, Queens is a highly sought-after area, benefiting from the ongoing spillover of development and demand from neighboring Bushwick&Williamsburg

Executive Summary

Cory Rosenthal
License No. 10311210106 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts Under Contract

Price $2,000,000 Apartment Style Low Rise
Price Per Unit $400,000 Building Class C
Sale Type Investment Lot Size 0.40 AC
Sale Conditions Redevelopment Project Building Size 7,112 SF
No. Units 5 No. Stories 2
Property Type Multifamily Year Built 1931
Property Subtype Apartment
Price $2,000,000
Price Per Unit $400,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.40 AC
Building Size 7,112 SF
No. Stories 2
Year Built 1931

Unit Amenities

  • Kitchen

Site Amenities

  • Public Transportation

Links

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Walk Score ®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code C2-3 (Regional commercial center located outside of the central business districts)
C2-3 (Regional commercial center located outside of the central business districts)
(914) 584-7422

Contacts

  • Listing ID: 33332557

  • Date on Market: 9/27/2024

  • Last Updated:

  • Address: 7102 Myrtle Ave, Glendale, NY 11385

More public record information on 7102 Myrtle Ave, Glendale, NY 11385

The Multifamily Property at 7102 Myrtle Ave, Glendale, NY 11385 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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7102 Myrtle Avenue | 7102 Myrtle Ave
(914) 584-7422 x

7102 Myrtle Avenue | 7102 Myrtle Ave

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DJ Johnston

(914) 584-7422

(914) 584-7422

David Caba

(646) 802-0548

(646) 802-0548

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