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5634 Myrtle Ave
Flushing, NY 11385

$2,855,000 USD

Storefront Retail Residential For Sale  •  5,600 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 5,600 SF
  • Lot Size 0.13 AC
  • Building Class C
  • Year Built 1979
  • Tenancy Single
  • Zoning C4-3A
100 Transit Score
100 Walk Score

Highlights

Two Contiguous Mixed-Use Buildings Located Along Myrtle Avenue in Ridgewood, Queens
Long-Term Master Lease Through June 2062 Providing Stable Passive Income
Tenant Responsible for Taxes, Insurance, Utilities, Repairs, Maintenance, and Structural Components Creating a Near Absolute Net Lease Investment
Scheduled 10 Percent Rent Increases Every Five Years Providing Contractual Income Growth
Two Ground-Floor Retail Units and Eight Fully Renovated Free-Market One-Bedroom Apartments

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 7 min - 2.6 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 11 min - 3.7 mi
Transit/SubwayDriveWalkDistance
Seneca Avenue (M - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 1 min 8 min 0.4 mi
Forest Avenue (M - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
Halsey Street (L Line) (L - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
Fresh Pond Road (M - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 17 min - 7.1 mi
John F Kennedy International 19 min - 10.4 mi
Newark Liberty International 33 min - 18.0 mi
Scott Plasky 917-539-0402 Marcus & Millichap
Scott Plasky 917-539-0402 Marcus & Millichap