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471-481 Myrtle Ave
Brooklyn, NY 11205
Myrtle Ave Development Site · Land For Sale
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0.24 AC
Investment Highlights
- Assemblage of five contiguous buildings along Myrtle Avenue offering significant redevelopment potential.
- Located within one block of Pratt Institute, providing strong demand drivers for residential and retail activity.
- Corner position at Myrtle Avenue and Hall Street enhances visibility and accessibility for future uses.
- Opportunity to construct a nine-story mixed-use property with ground-floor retail and residential units totaling approximately 60,000 gross square fee
- Situated in the vibrant Clinton Hill neighborhood, surrounded by dining, shopping, and cultural amenities.
- Current partial occupancy delivers ongoing income while development plans are advanced.
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $18,500,000 | Lot Size | 0.24 AC |
| Price Per AC | $77,083,333.33 |
| Price | $18,500,000 |
| Price Per AC | $77,083,333.33 |
| Lot Size | 0.24 AC |
Description
This property comprises five contiguous buildings along Myrtle Avenue near the corner of Hall Street in Clinton Hill, Brooklyn. The assemblage provides an opportunity for redevelopment into a single nine-story structure composed of ground-floor retail and upper-level residential uses totaling approximately 60,000 gross square feet including cellar space. It is located within one block of Pratt Institute and sits in a dense, amenity-rich neighborhood with educational institutions, local restaurants, cafes, and retail services within walking distance. Myrtle Avenue serves as a major local corridor, connecting to other key routes and neighborhoods in Brooklyn. The property is partially tenanted, generating recurring income while development plans are advanced.
