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73-45 Myrtle Ave,
Glendale, NY 11385
Approved & Shovel-Ready Mixed Use Development · Land For Sale
·
0.06 AC
EXECUTIVE SUMMARY
This property offers a rare, shovel-ready opportunity in the heart of Glendale, NY. Included in the sale are BSA-approved plans (Cal. No. 2016-1219-BZ) for a modern, two-story mixed-use building that perfectly balances commercial viability with high-end residential living.
Property Overview
• Location: 73-45 Myrtle Avenue (a.k.a. 78-70 74th Street), Glendale, NY 11385.
• Lot Details: Situated on Block 3823, Lot 88, with a total lot area of approximately 2,620.4 square feet.
• Zoning: R4-1 with approved waivers for use, FAR, and yard requirements.
The Approved Development
The plans, designed by the renowned T.F. Cusanelli & Filletti Architects, feature a fully sprinklered building with a total proposed floor area of 4,705 square feet.
Lower Level & First Floor: Commercial Excellence
• Cellar: Full-sized cellar for extensive storage needs.
• Ground Floor: 1,839 sq. ft. (Net) of prime commercial space with high visibility on Myrtle Avenue.
• Amenities: Includes a dedicated residential lobby, bike parking for two, and an attached two-car garage.
Second Floor: Luxury Residential
• Two Spacious Apartments: The top floor is dedicated to two premium 2-bedroom units.
• Apartment A: 1,191 sq. ft. Net.
• Apartment B: 1,059 sq. ft. Net.
• Modern Layouts: Each unit features an open living/dining area, two bedrooms, and two bathrooms.
Architectural Highlights
• Design: A sophisticated Tudor-inspired aesthetic featuring brickwork, timber accents, and a pitched roof reaching a max ridge height of 34'-8".
• Street Presence: The project includes a relocated, modernized bus shelter and integrated landscaping.
• Approvals: Comprehensive relief has been granted for Front and Side Yard requirements, allowing for maximum building footprint efficiency.
This is a premier investment opportunity for a developer looking to capitalize on a project that has already navigated the rigorous NYC Board of Standards and Appeals process.
Property Overview
• Location: 73-45 Myrtle Avenue (a.k.a. 78-70 74th Street), Glendale, NY 11385.
• Lot Details: Situated on Block 3823, Lot 88, with a total lot area of approximately 2,620.4 square feet.
• Zoning: R4-1 with approved waivers for use, FAR, and yard requirements.
The Approved Development
The plans, designed by the renowned T.F. Cusanelli & Filletti Architects, feature a fully sprinklered building with a total proposed floor area of 4,705 square feet.
Lower Level & First Floor: Commercial Excellence
• Cellar: Full-sized cellar for extensive storage needs.
• Ground Floor: 1,839 sq. ft. (Net) of prime commercial space with high visibility on Myrtle Avenue.
• Amenities: Includes a dedicated residential lobby, bike parking for two, and an attached two-car garage.
Second Floor: Luxury Residential
• Two Spacious Apartments: The top floor is dedicated to two premium 2-bedroom units.
• Apartment A: 1,191 sq. ft. Net.
• Apartment B: 1,059 sq. ft. Net.
• Modern Layouts: Each unit features an open living/dining area, two bedrooms, and two bathrooms.
Architectural Highlights
• Design: A sophisticated Tudor-inspired aesthetic featuring brickwork, timber accents, and a pitched roof reaching a max ridge height of 34'-8".
• Street Presence: The project includes a relocated, modernized bus shelter and integrated landscaping.
• Approvals: Comprehensive relief has been granted for Front and Side Yard requirements, allowing for maximum building footprint efficiency.
This is a premier investment opportunity for a developer looking to capitalize on a project that has already navigated the rigorous NYC Board of Standards and Appeals process.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Mixed Use |
| Property Type | Land | Total Lot Size | 0.06 AC |
| Zoning | R4-1 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.06 AC |
| Zoning | R4-1 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts |
1 LOT AVAILABLE
Lot 88
| Price | $495,000 | Lot Size | 0.06 AC |
| Price Per AC | $8,229,973.73 |
| Price | $495,000 |
| Price Per AC | $8,229,973.73 |
| Lot Size | 0.06 AC |
PROPERTY TAXES
| Parcel Number | 03823-0088 | Improvements Assessment | $14,850 |
| Land Assessment | $42,750 | Total Assessment | $57,600 |
PROPERTY TAXES
Parcel Number
03823-0088
Land Assessment
$42,750
Improvements Assessment
$14,850
Total Assessment
$57,600
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