507 Myrtle Ave | Brooklyn, NY 11205
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- LoopNet Team
507 Myrtle Ave
Brooklyn, NY 11205
Clinton Hill | Cash Flowing | Free Market · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Gut renovated, 100% free market 3-story mixed-use building with four (4) 3-bedroom units and two (2) retail units
- Residential units offer modern layouts, high-end appliances, and tenant-controlled HVAC systems
- Approximately 6,316 BSF of air rights, allowing for future development or air rights transfer to neighboring properties
- Tax class 2A protects the underlying taxes from increasing significantly
- Left retail unit will be delivered vacant, presenting an attractive owner-user opportunity
- Short walk to the G train providing direct access to Downtown Brooklyn and Long Island City
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,750 SF
Building Class
B
Year Built
1948
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.43
Lot Size
0.06 AC
Zoning
R7A / C2-4 - R7 - Medium-density apartment house district with lower parking requirements
Frontage
25’ on Myrtle Ave
AMENITIES
- Signage
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 01892-0075 | Improvements Assessment | $528,750 |
| Land Assessment | $4,950 | Total Assessment | $533,700 |
PROPERTY TAXES
Parcel Number
01892-0075
Land Assessment
$4,950
Improvements Assessment
$528,750
Total Assessment
$533,700
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