76-17 Myrtle Avenue

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Address: 76-17 Myrtle Avenue, Queens, New York, US
Created date: February 22, 2024
Date last updated: February 22, 2024
  • Low Taxes: The property’s tax class caps annual tax hikes to an average of 4% over five years.
  • Turnkey: Rent is 100% paid by Section 8 / CityFHEPS with no tenant contribution, all but guaranteeing a cash-flowing property.
  • Upside in Rents: Section 8 vouchers grew an average of 7.7% yearly for the last three years.
  • Reduced Expenses: The units benefit from central air & heat, reducing the new owner’s share

Property Description

Greysteel has been hired to exclusively represent ownership in the sale of 76-17 Myrtle Avenue, a two-story, mixed-use property containing three apartments and one store, located at the corner of Myrtle Avenue and 78th Street in the Glendale neighborhood of Queens.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,500,000
No. of Units: 4
Year Built: 1938
Opportunity Zone: No
Price per unit: $375,000
Property Website Click Here
Address: 76-17 Myrtle Ave, Flushing, NY 11385, USA
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