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$1,300,000 Just Listed
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Property Description
Mixed-use investment opportunity just off Myrtle Avenue in Glendale! This 20-foot-wide, two-story building offers approximately 2,492 square feet, with a ground-floor retail/commercial unit plus basement, currently occupied by an established bakery, and two two-bedroom apartments above. Both apartments require renovation and will be delivered vacant at closing, offering an opportunity to customize the residential spaces and build long-term value. An appealing option for an investor or owner-user seeking a combination of commercial and residential space. Approximate building dimensions are 20' x 65', situated on an irregular lot measuring approximately 20' x 100'. Zoned R5 with a C1-2 commercial overlay. Annual 2026 real estate taxes: $7,840.
Full Property Details
Full Property Details for 87-03 81st Rd
General
- Price: $1,300,000
- Taxes: $7,744
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1066228
- Updated: 10/26/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Mixed
Parking
- Parking Features: On Street
Location
- County: Queens
School Information
- High School District: Queens24
Heating & Cooling
- Cooling Type: None
- Heating Type: See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Connected, Trash Collection Public
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: See Remarks
- Building Size: 2492
- Square Feet: 2,492
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.0459
- Lot Size (Sq. Ft.): 2,000
- Zoning: R4-1
Financial Considerations
- Tax Amount: $7,744.4
Disclosures and Reports
- Special Conditions: None
- Property ID: 03849-0034
Listed by Berkshire Hathaway
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Schools
Schools serving 87-03 81st Rd
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
Ps 113 Isaac Chauncey 78-23 87th St, Queens, NY 11385 | K-8 | 0.2 mi |
Queens Metropolitan High School 91-30 Metropolitan Ave, Queens, NY 11375 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 87-03 81st Rd
Date
Details
Price
Change
Source
10/26/2026
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 87-03 81st Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,936
—
$41,161
4%
2025
$7,936
6%
$39,510
-35%
2024
$7,486
6%
$60,960
73%
2023
$7,063
—
$35,165
-32%
2022
$7,089
-2%
$51,480
11%
2021
$7,219
4%
$46,260
—
2020
$6,969
6%
$46,080
15%
2019
$6,575
11%
$40,080
37%
2017
$5,930
—
$29,304
1%
2017
$5,930
4%
$29,088
2%
2016
$5,714
7%
$28,584
4%
2015
$5,365
13%
$27,438
6%
2014
$4,765
8%
$25,885
6%
2013
$4,413
—
$24,420
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 87-03 81st Rd
8703 81st Road, Glendale, NY 11385 (MLS# 1066228) is a Commercial property. 8703 81st Road is currently listed for $1,300,000 and was received on October 26, 2026. Want to learn more about 8703 81st Road? Do you have questions about finding other Commercial real estate for sale in Glendale? You can browse all Glendale real estate or contact a Coldwell Banker agent to request more information.

