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471-481 Myrtle Avenue Brooklyn, NY $ 18,000,000
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$ 18,000,000 Get more info
471-481 Myrtle Avenue
$ 18,000,000
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New Construction
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471-481 Myrtle Avenue

Brooklyn, NY, 11205
$ 18,000,000
Baths0.0 Sq 9,300

Monthly Estimate*

$ 119,634

471-481 Myrtle Avenue, Brooklyn, NY 11205 - Image 1
471-481 Myrtle Avenue, Brooklyn, NY 11205 - Image 2
471-481 Myrtle Avenue, Brooklyn, NY 11205 - Image 3
471-481 Myrtle Avenue, Brooklyn, NY 11205 - Image 4
471-481 Myrtle Avenue, Brooklyn, NY 11205 - Image 5
Studio

Commercial Property for sale in Brooklyn, NY

for $18,000,000. This 9,300 square foot building was built in 1955 on a lot size of 0.22.

471 - 481 Myrtle Avenue Fort Greene, Brooklyn 11205. This is a rare opportunity to own 7 buildings in a row. The consecutive addresses are as follows 471 Myrtle Avenue, 473 Myrtle Avenue, 475 Myrtle Avenue #A, 475 Myrtle Avenue #B, 477 Myrtle Avenue, 479 Myrtle Avenue and 481 Myrtle Avenue. The total lot size for these buildings combined is 120 x 80 for a total of 9,600 sq. ft. • 7 PROPERTIES TOTAL • 5 MIX USE (7 Commercial, 8 Residential) • 2 COMMERCIAL 471 Myrtle Avenue - 1 commercial, 2 residential (Two, 2 bedroom apartments) 473 Myrtle Avenue - 1 commercial 475/477 Myrtle Avenue - 3 commercial, 3 residential (Two, 2 bedroom apartments) 479 Myrtle Avenue - 1 commercial, 1 residential (One, 2 bedroom apartment) 481 Myrtle Avenue - 1 commercial TAXES / EXPENSES Taxes for this real estate package are approximately $44,434 annually (this includes all 8 properties) INCOME This real estate package generates $444,000 annually (this includes all 7 properties)

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Commercial Active

Price

$ 18,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 53,534

Style

Commercial

Lot Size

0.22

Year Built

1955

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

1163239
Features
General
Sewer City
Heating Steam Natural Gas
Zoning R7-A
Construction Materials Block
Year Built 1955
Electric 220 Volts
Property SubType Commercial
Gross Income 0.0
County Kings
Net Operating Income 0.0
Operating Expense 0.0
New Construction Y
Property Type Commercial Sale
Status Active
City Brooklyn
View Y/N N
MLS Area Fort Hamilton
Lot Size Square Feet 9600.0
Carport Y/N N
Street Name Myrtle
Year Built Details New
Land Lease Y/N N
Tax Annual Amount 53534.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Fort Hamilton
Additional Parcels Y/N N
Leasable Area 0.0
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Lot 90
Senior Community None
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Exterior
Parking Features Public Street
Total Parking 0.0
Condition Excellent
Lot Size Area 9600.0
Number of Buildings 7
Spa N
Building Area Total 9300.0
Lot Dimensions 120x80
Lot Size Acres 0.22
Lot Size Units Square Feet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 471481
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* Excluded Features
List By
Thomas Gugliucci

Listing Agent

Thomas Gugliucci Real Estate

Broker

tommyg34@gmail.com

Email

Affordability Calculator

$124,095
Per Month
96%
4%
0%
Monthly Principal & Interest
$119,634
Monthly Property Taxes
$4,461
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1980392 Elementary School
1980393 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/1/2023$18,000,000 -10.00% Price Down
7/19/2023$20,000,000 Listed Price

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471-481 Myrtle Avenue, Brooklyn, NY, 11205 is a Commercial Property for sale at $18,000,000 with 9,300 sqft and a lot size of 0.22. 471-481 Myrtle Avenue is a studio with 0.0 baths and was built in 1955. The property's zip code is 11205 which is in Brooklyn, NY

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