372 Myrtle Ave
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372 Myrtle Ave
3,800 SF 100% Leased Retail Building Brooklyn, NY 11205 $3,275,000 ($862/SF) 5% Cap Rate
Investment Highlights
- Mixed use building in prime Fort Greene.
Executive Summary
Massive mixed use building in prime Fort Greene for sale for the first time in 20 years! Own a piece of Brooklyn's most dynamic neighborhood. This location benefits from being adjacent to one of Brooklyn's largest landmarked districts, and within three blocks of two large new condo developments, on Myrtle Avenue at Vanderbilt, and at Carlton.
The retail space is occupied by one of Fort Greene's most beloved institutions, Thai Holic. The two free market apartments boast high ceilings, 1300+ square feet of interior space, and copious original details. Value-add opportunities abound for the savvy investor in both the residential and commercial spaces.
Contact me for more information, or to schedule a tour, today.
The retail space is occupied by one of Fort Greene's most beloved institutions, Thai Holic. The two free market apartments boast high ceilings, 1300+ square feet of interior space, and copious original details. Value-add opportunities abound for the savvy investor in both the residential and commercial spaces.
Contact me for more information, or to schedule a tour, today.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,800 SF
Building Class
C
Year Built
1901
Price
$3,275,000
Price Per SF
$862
Cap Rate
5%
NOI
$163,750
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.18
Land Acres
0.04 AC
Zoning
R6,Brooklyn - Medium Density Residential District
Frontage
19 FT on Myrtle Ave
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Retail | In-Line | Jan 2025 |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Jan 2025 |
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Jan 2025 |
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 02074-0026 | Total Assessment | $132,900 (2024) |
| Land Assessment | $8,880 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $124,020 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
02074-0026
Land Assessment
$8,880 (2024)
Improvements Assessment
$124,020 (2024)
Total Assessment
$132,900 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Brian Blessinger -
Compass
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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372 Myrtle Ave
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