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470 Myrtle Ave
Brooklyn, NY 11205
Retail Property For Sale
EXECUTIVE SUMMARY
Mixed use property in heart of Clinton Hill neighborhood of Brooklyn. Incredible traffic, great frontage. one commercial/retail space with two 2 bedroom 1 bath apartment above.
Retail is currently occupied as is one of the two residential units. Both occupied units are in at below market rents which can be raised. Projected Gross Income is $150,000 with Taxes of $5,237 annually. There is also a 27 ft by 20 ft, or 540 square foot Garden/ Yard.
Retail is currently occupied as is one of the two residential units. Both occupied units are in at below market rents which can be raised. Projected Gross Income is $150,000 with Taxes of $5,237 annually. There is also a 27 ft by 20 ft, or 540 square foot Garden/ Yard.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,807 SF
Building Class
B
Year Built
1970
Price
$2,200,000
Price Per SF
$783.75
Cap Rate
7.91%
NOI
$174,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.09
Lot Size
0.03 AC
Zoning
R7A - Medium density residential district
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 01904-0028 | Improvements Assessment | $222,960 |
| Land Assessment | $22,740 | Total Assessment | $245,700 |
PROPERTY TAXES
Parcel Number
01904-0028
Land Assessment
$22,740
Improvements Assessment
$222,960
Total Assessment
$245,700
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