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$ 1,700,000
Est. payment | /mo
3,300 SqFt
$ 1,700,000
Est. payment | /mo
3,300 SqFt
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $515
MLS Listing ID 495884
Year Built 1938
Annual Tax Amount $11,029
Lot Dimensions 20.25 X 97.42
Property Sub-Type Mixed Use
Property Description
76-17 Myrtle Avenue is a two-story, mixed-use building consisting of three residential apartments and one retail store, prominently situated at the corner of Myrtle Avenue and 78th Street in the Glendale section of Queens.
Property Highlights:
Low Taxes: Favorable tax class limits annual increases to an average of 4% over five years.
Turnkey Investment: All rents are fully covered by Section 8 / CityFHEPS with no tenant contribution, providing highly reliable cash flow.
Rental Growth: Section 8 voucher values have increased by an average of 7.7% annually over the past three years.
Lower Operating Costs: Apartments are equipped with central air and heat, reducing the landlord's share of utility and maintenance expenses.
Property Highlights:
Low Taxes: Favorable tax class limits annual increases to an average of 4% over five years.
Turnkey Investment: All rents are fully covered by Section 8 / CityFHEPS with no tenant contribution, providing highly reliable cash flow.
Rental Growth: Section 8 voucher values have increased by an average of 7.7% annually over the past three years.
Lower Operating Costs: Apartments are equipped with central air and heat, reducing the landlord's share of utility and maintenance expenses.
Location
State NY
County Queens
Area Glendale
Zoning R4B
Rooms
Basement Full
Interior
Interior Features Fire - Smoke Alarm, Intercom, Kitchen, Restrooms - Staff
Hot Water Hot Water Coil in Boiler
Heating Electric
Flooring Carpeting, Ceramic, Hardwood
Heat Source Electric
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 2
Foundation Slab Concrete
Others
Energy Description Electric
Financing Bank Mortgage,Cash
Listed by GW Realty Inc.
