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Glendale NY, 11385 $1,365,000

Multi Family For Sale 6 Beds , 2 Full Bath , 1 Half Bath , 4088 SqFt 

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Details ML#: 3590976  

  • Style: Store+Dwell
  • # of Families: 2
  • Year Built: 1910
  • Taxes: $7,726
  • Status:Active

Description

2-family with a retail storefront in Prime Glendale, Queens! Both residential units are free market with no leases in place. The commercial space as well as one of the residential units will be delivered vacant. This is Unique Investment Opportunity as the adjacent property is also for sale. *Note that the price listed here is for this building only. There is a preference for buyers looking to obtain both properties. This well-positioned package offers incredible rental income potential, ideal for generating consistent revenue and perfect for the savvy investor. These two buildings have been in the same family for generations and are available together for the first time, having been carefully tended to for decades. A trusted dry cleaning business with a loyal customer base occupies the first floor of this building, bringing immediate income potential and community recognition. Ideal opportunity for an owner/user. This high-traffic location on Myrtle Ave, one of Queen’s most well-known thoroughfares, with excellent visibility, draws plenty of foot traffic to retail spaces and adds value to residential leases. Both buildings feature stable residential units and street-level commercial spaces, creating immediate and diversified cash flow. Great potential for rent growth in a steadily appreciating neighborhood, enhancing long-term value.

More Property Details

Room Information

Bedroom: 6   Dining Room: 1   Full Bath: 2   Half Bath: 1  

Property Features

Building Size: 20x53   Lot Size: 0.05   Lot Sq Ft: 2135   Approx. Int. Sq. Ft.: 4088.00   Garage: 0.0   Parking Facilities: None  

Appliances & Utilities

Refrigerator: Yes   Stoves: Yes   Heat: Oil, Hot Water   A/C: Window Unit(s)   Water: Public   Sewer: Public Sewer   Garbage Removal: Public  

Financial

Taxes: $7,726  

Local Area Information

School District#: 11   Block: 3693   Lot: 24  

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