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.
For sale
$1,700,000
7617 Myrtle Ave, Glendale, NY 11385
--beds
3,300sqft
Mixed Use
Built in 1938
1,973 Square Feet Lot
$-- Zestimate®
$515/sqft
$-- HOA
What's special
Central air and heatResidential apartments
- 21 days |
- 198 |
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