7617 Myrtle Avenue
Glendale | 76th St & 78th St
Ownership
Mixed Use
Lot Size
20'x97'
Status
Active
Real Estate Taxes
[Per Annum]
$ 11,029
Building Size
20'x65'
Year Built
1938
ASF/ASM
3,300/307
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.
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.
Listing Courtesy of GW Realty Inc.
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Apartment Features
Exposed Bricks
Hardwood Floors
Building Details [7617 Myrtle Avenue]
Ownership
Mixed Use
Block/Lot
3826/34
Building Size
20'x65'
Zoning
R4B
Year Built
1938
Floors
2
Lot Size
20'x97'
Mortgage Calculator in [US Dollars]
Maria Castellano
License
Licensed As: Maria Castellano
Licensed Real Estate Broker/Owner
W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 495884