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$1,588,888
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Property Description
Prime development opportunity in the heart of Richmond Hill! This 50 x 100 lot is positioned within R6B zoning with a C2-4 commercial overlay, offering outstanding potential for residential or mixed-use redevelopment. With a base FAR of 2.0 and the potential to reach up to approximately 2.4 FAR through applicable city programs and incentives (buyer to verify with architect), developers have the opportunity to create an estimated 10,000 to 12,000 square feet of buildable space. The zoning allows for a variety of possibilities, including a new mixed-use building featuring ground-floor retail or professional space with residential apartments above, a boutique residential building with multiple full-floor units, or a community facility such as medical offices, educational space, or professional use. The C2-4 overlay provides added flexibility and enhances long-term value by supporting commercial frontage along this active corridor. Located on a well-traveled street with excellent visibility, and just moments from public transportation, shopping, dining, and neighborhood amenities, this property is ideally positioned for strong future demand. An exceptional opportunity for developers, investors, and builders seeking to maximize development potential and long-term returns in a thriving Queens neighborhood.
Full Property Details
Full Property Details for 116-14 Myrtle Ave
General
- Price: $1,588,888
- Taxes: $41,396
- Status: Active
- Type: Lots/Land
- Source: Long_Island
- MLS ID: 960692
- Updated: 3/10/2026
- Added to Site: 51 day(s) ago
Location
- County: Queens
- Driving Directions: MapGoogle.com
School Information
- High School District: Queens 27
- Elementary School: Ps 56 Harry Eichler
- Middle School: Ms 137 America'S School-Heroes
- High School: Richmond Hill High School
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Mixed Use
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 5,000
- Lot Dimensions: 50 x 100
- Road Maintenance: Public Maintained Road
- Lot Features: City Lot
- Zoning: R6B
Financial Considerations
- Tax Amount: $41,396
Disclosures and Reports
- Special Conditions: None
- Property ID: 09254-0004
Listed by Key Impact Realty Group Inc
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Schools
Schools serving 116-14 Myrtle Ave
School District:New York City Geographic School District 27
| Name | Grades | Distance |
|---|---|---|
Ps 56 Harry Eichler 86-10 114th St, Queens, NY 11418 | 2-5 | 0.1 mi |
Ps 51 87-45 117th St, Queens, NY 11418 | K-1 | 0.2 mi |
Ms 137 America S School Of Heroes 109-15 98th St, Queens, NY 11417 | 6-8 | 1.5 mi |
Richmond Hill High School 89-30 114th St, Queens, NY 11418 | 9-12 | 0.3 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 116-14 Myrtle Ave
Date
Details
Price
Change
Source
3/10/2026
Price Reduced
$1,588,888
-3.65%
MLS
2/11/2026
Listed
$1,649,000
—
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 116-14 Myrtle Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$41,068
8%
$381,600
7%
2024
$37,941
-11%
$358,200
-11%
2023
$42,573
2%
$401,940
1%
2022
$41,919
15%
$398,250
17%
2021
$36,477
-12%
$341,100
-18%
2020
$41,518
4%
$416,700
-1%
2019
$39,801
14%
$418,950
6%
2017
$34,856
—
$393,750
6%
2017
$34,856
7%
$373,050
1%
2016
$32,703
9%
$367,650
10%
2015
$30,138
7%
$335,250
9%
2014
$28,221
6%
$308,250
13%
2013
$26,588
—
$273,379
—
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 116-14 Myrtle Ave
116-14 Myrtle Avenue, Richmond Hill, NY 11418 (MLS# 960692) is a Lots/Land property with a lot size of 0.11 acres. 116-14 Myrtle Avenue is currently listed for $1,588,888 and was received on February 11, 2026. Want to learn more about 116-14 Myrtle Avenue? Do you have questions about finding other Lots/Land real estate for sale in Richmond Hill? You can browse all Richmond Hill real estate or contact a Coldwell Banker agent to request more information.

