471-481 MYRTLE Avenue, New York City, NY 11205

  • $18,500,000
Active
471-481 MYRTLE Avenue, New York City, NY 11205
  • $18,500,000

Overview

Property ID: RLS11030150
  • Mixed Use, Residential
  • Property Type
  • 10
  • Bedrooms
  • 8
  • Bathrooms
  • 10.0
  • Garages

Description

Douglas Elliman, as exclusive agent, is thrilled to offer for sale an INCREDIBLE DEVELOPMENT OPPORTUNITY; In offering the assemblage of 471, 473, 475-477, 479 and 481 Myrtle Avenue, Clinton Hill Brooklyn. These Five buildings represent a large contiguous offering (all same ownership) to develop a singular 9 story property along Myrtle Avenue cornering on Hall Street in the prime Clinton Hill neighborhood of Brooklyn. This presents a development opportunity to construct a 9-story mixed use of approximately 60,000 +/- Gross SF property (including cellar) of residential with ground floor retail space. The Property is located within one block of Pratt Institute of Technology. This is a rare opportunity to develop a newly constructed mixed-use property to high standards. The property is partially tenanted with residential and retail space. There is current reoccurring income until development plans are in place. Setup available upon request.

Details

Updated on March 6, 2025 at 8:31 pm
  • Property ID: RLS11030150
  • Price: $18,500,000
  • Bedrooms: 10
  • Rooms: 20
  • Bathrooms: 8
  • Garages: 10.0
  • Garage Size: x x
  • Property Type: Mixed Use, Residential
  • Property Status: Active

Mortgage Calculator

$119,566.81
Monthly
  • Down Payment $3,700,000.00
  • Loan Amount $14,800,000.00
  • Monthly Mortgage Payment $88,733.48
  • Property Tax $30,833.33
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