150 Myrtle Ave | Brooklyn, NY 11201
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- LoopNet Team
150 Myrtle Ave
Brooklyn, NY 11201
Toren Parking Condo · Specialty Property For Sale
·
21,943 SF
INVESTMENT HIGHLIGHTS
- 2-level parking garage with dual elevators
- Low taxes due to 421-a tax exemption
- Lease escalations every 5 years
- Stable cashflow with no management
- Strong tenant in place with over 10 years remaining
- High density area including Brooklyn Hospital Center, Long Island University and Fort Greene Park
EXECUTIVE SUMMARY
B6 Real Estate Advisors has been retained on an exclusive basis to arrange the sale of 150 Myrtle Avenue; a two-level parking garage located in the heart of Downtown Brooklyn. This 22,000+/- SF commercial condo is situated on the lower levels of a 245,000 SF luxury condo building. The property enjoys reduced taxes due to its 421a tax exemption. Occupied by its current tenant until 2033, 150 Myrtle Avenue presents investors with a prime cash-flowing opportunity in one of Brooklyn’s busiest areas.
PROPERTY FACTS
| Property Type | Specialty | Building Size | 21,943 SF |
| Property Subtype | Parking Garage | No. Stories | 3 |
| Building Class | B | Year Built | 2007 |
| Lot Size | 0.49 AC | APN / Parcel ID | |
| Zoning | C6-4 - commercial | ||
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | B |
| Lot Size | 0.49 AC |
| Building Size | 21,943 SF |
| No. Stories | 3 |
| Year Built | 2007 |
| APN / Parcel ID | |
| Zoning | C6-4 - commercial |
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