The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

A mixed-use building at 7136 Myrtle Avenue, located between 71st Place and 72nd Street, in the Glendale neighborhood of Queens, was sold in an all-cash transaction valued at $2,150,000.

The two-story building contains approximately 12,810 square feet and sits on a 143’ x 109’ lot.  With five commercial units, it has approximately 10,000 square feet of retail space on the ground floor and 1,500 square feet of office space on the second floor with approximately 5,600 feet of on-site parking in the rear.  The sale price equated to approximately $168 per square foot.

“Massey Knakal sold this building for the second time. The buyers are owner users who plan to operate a laundromat,” said Massey Knakal Partner Thomas Donovan, who exclusively handled this transaction.

Click here for press release

Neighborhoods: Glendale