76-17 Myrtle Ave Glendale, NY 11385
Glendale NeighborhoodEstimated payment $9,756/month
About This Home
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 Details
Property Type
- Other
Est. Annual Taxes
- $11,029
Year Built
- Built in 1938
Lot Details
- 1,973 Sq Ft Lot
- Lot Dimensions are 20.25 x 97.42
- Property is zoned R4B
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 3,300 Sq Ft Home
- 2-Story Property
- Sheet Rock Walls or Ceilings
- Ceiling height between 8 to 10 feet
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Ceramic Tile
Utilities
- Ductless Heating Or Cooling System
- 220 Volts
Listing and Financial Details
- Tax Block 3826
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $9,587
- Utility Expense $600
- Gross Income $142,959
- Net Operating Income $119,346
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | For Sale | $1,700,000 | -- | $515 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 495884
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