62-22 Myrtle Avenue, New York City, NY 11385
Listing Courtesy of Compass
$1,595,000
Potential Rebate: $23,925
Overview
Fantastic investment prospect: this mixed-use property, located at the border of Ridgewood and Glendale, features two 3 Bedroom residential units and a commercial space, offering a 5% cap rate. Both commercial and residential units are below market rates and present opportunity for substantial upside. Residential units can be delivered vacant. Please email for building setup!
Can be packaged with 7118 Myrtle Ave
Photos coming soon.
Home Features
- •See Remarks
Estimated Monthly Payment
$9,047 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$23,925
Monthly savings impact
$66/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listing Courtesy of Compass
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20061966
Price Analysis
Compare average listing prices and value metrics for 62-22 Myrtle Avenue against the surrounding Glendale market.
Average List Price
Price Per SqFt
26.37% Lower
than the Glendale price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Glendale
Overview of Glendale
Glendale is a quiet, tree-lined neighborhood often overshadowed by Ridgewood and Forest Hills. It is a hidden gem for value. For buyers seeking Glendale Queens real estate, it offers solid housing stock at better prices.
Living in Glendale is peaceful. Myrtle Avenue acts as the main commercial spine. As a Queens NYC neighborhood, it is tidy and respectable.
Real Estate & Housing Market
The market for homes for sale in Glendale features many six-family brick tenements (investment optimized) and single-family homes.
Lifestyle & Community
The lifestyle in Glendale is old-fashioned. Major shopping is at The Shops at Atlas Park.
Transportation & Accessibility
Glendale has no direct subway (nearby M train). Express buses are popular.
Parks, Schools & Amenities
Atlas Park is an outdoor mall with a cinema and grassy center.
Amenities: Zum Stammtisch is one of the best German restaurants in NYC.
Who This Neighborhood Is Best For
Glendale is best for value seekers who want a safe, quiet place and shopping convenience.
