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471-481 Myrtle Ave 5 Retail Properties Offered at $18,500,000 in Brooklyn, NY
Investment Highlights
- Amazing frontage on main street, in prime Clinton Hill Neighborhood
Executive Summary
Offered exclusively: This is an Exceptional Opportunity to purchase 6 contiguous bldgs ( 5 addresses) assemblage in Prime Clinton Hill neighborhood on the main corridor of Myrtle avenue @ the corner of Hall Street and in between Hall St and Washington Avenue. 120 feet of frontage on Myrtle Avenue and 80 feet of depth. Incredible development opportunity for a 60,000+/- SF new structure with nine stories. The current properties are partially leased to afford a purchaser some cash flow while putting together development plans. Current rents (all under market) is approximately $297,000
Property Facts
| Price | $18,500,000 | Number of Properties | 5 |
| Price / SF | $2,235 / SF | Individually For Sale | 0 |
| Sale Condition | 1031 Exchange | Total Building Size | 8,279 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.25 AC |
| Status | Active |
| Price | $18,500,000 |
| Price / SF | $2,235 / SF |
| Sale Condition | 1031 Exchange |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 8,279 SF |
| Total Land Area | 0.25 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 475-477 Myrtle Ave, Brooklyn, NY 11205 | Retail | 3,195 SF | 1960 | - |
| 473 Myrtle Ave, Brooklyn, NY 11205 | Retail | 2,000 SF | 1980 | - |
| 471 Myrtle Ave, Brooklyn, NY 11205 | Retail | 1,620 SF | 1955 | - |
| 479 Myrtle Ave, Brooklyn, NY 11205 | Retail | 888 SF | 1960 | - |
| 481 Myrtle Ave, Brooklyn, NY 11205 | Retail | 576 SF | 1960 | - |
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471-481 Myrtle Ave
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