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470 Myrtle Ave
Brooklyn, NY 11205
Retail Property For Sale
Executive Summary
Mixed use property in heart of Clinton Hill neighborhood of Brooklyn. Incredible traffic, great frontage. one commercial/retail space with two 2-bedroom 1 bath apartment above.
Retail is currently occupied as is one of the two residential units. Both occupied units are in at below market rents which can be raised. Projected Gross Income is $150,000 with Taxes of $5,237 annually. There is also a 27 ft by 20 ft, or 540 square foot Garden/ Yard.
Retail is currently occupied as is one of the two residential units. Both occupied units are in at below market rents which can be raised. Projected Gross Income is $150,000 with Taxes of $5,237 annually. There is also a 27 ft by 20 ft, or 540 square foot Garden/ Yard.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,807 SF
Building Class
B
Year Built
1970
Price
$3,058,594 CAD
Price Per SF
$1,089.63 CAD
Cap Rate
7.91%
NOI
$241,907 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.09
Lot Size
0.03 AC
Zoning
R7A - Medium density residential district
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 01904-0028 | Improvements Assessment | $417,581 CAD |
| Land Assessment | $31,615 CAD | Total Assessment | $449,196 CAD |
Property Taxes
Parcel Number
01904-0028
Land Assessment
$31,615 CAD
Improvements Assessment
$417,581 CAD
Total Assessment
$449,196 CAD
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