417 Myrtle Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11205- Wallabout
$3,000,000 USD
718-475-4300
417 Myrtle Ave, Brooklyn, NY for Sale
$3,000,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

417 Myrtle Ave
Brooklyn, NY 11205
Wallabout


HIGHLIGHTS

  • 100% Free Market
  • Value Add
  • Prime Myrtle Ave in Clinton Hill

OVERVIEW

The New York Multifamily Team at Marcus & Millichap is pleased to present 417 Myrtle Avenue, a prime mixed-use investment in the heart of Clinton Hill. This well-located 4,320 SF property, consisting of three free-market apartments and a strong retail tenant, offers a rare opportunity to acquire a value-add asset along one of Clinton Hill's most desirable stretches of Myrtle Ave. With an asking price of $3,000,000 ($694/SF), this is a phenomenal basis-buy. The building benefits from a fully occupied ground-floor retail space, along with three well-maintained two-bedroom apartments that offer significant upside in rents. Positioned just steps from Pratt Institute, Fort Greene Park, and the G subway line, the property enjoys excellent foot traffic, high demand for quality housing, and strong retail fundamentals.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$750 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,798 SF

ZONING

R7A

APN/PARCEL ID

01887-0095

ASK ABOUT THIS PROPERTY

Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

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Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.