1497 Myrtle Avenue

$1,895,000
Price
12
Beds
7
Baths
1
1/2 Bath
6,469 Sq. Ft.
$293 / Sq. Ft.
6,469
Sq. Ft.
$293
per Sq. Ft.

Description

Incredible mixed-use investment opportunity on thriving Myrtle Avenue in Bushwick!
Featuring nearly 70' of frontage along one of Bushwick's most popular avenues with existing retail on the ground floor (can be delivered vacant), 1497 Myrtle is gutted out with approved plans for residential use on the second and third floor. The possibilities here are endless with nearly 15' ceilings on the top floor, enormous windows, a stairwell going all the way up to the well-maintained roof/expansive NYC skyline
...Incredible mixed-use investment opportunity on thriving Myrtle Avenue in Bushwick!

Featuring nearly 70' of frontage along one of Bushwick's most popular avenues with existing retail on the ground floor (can be delivered vacant), 1497 Myrtle is gutted out with approved plans for residential use on the second and third floor. The possibilities here are endless with nearly 15' ceilings on the top floor, enormous windows, a stairwell going all the way up to the well-maintained roof/expansive NYC skyline views, and signage opportunities for additional income.

The zoning is R6/C2-3 over a 2,353 SF lot which allows for 2.43 FAR of residential and 2 FAR of commercial. By building a little community facility, one could max out the resi/commercial use for a total of 11,294 buildable SF.

Please email or call and I can send a pro-forma, the approved plans, and answer any questions you have.





Listing Agents

  1. Nathan Horne

    Nathan Horne

    Listing Agent

    Compass

Amenities

  • Street Scape
  • City Views
  • Open Views
  • Private Roof Deck
  • Common Roof Deck
  • Exposed Brick
  • Hardwood Floors
  • High Ceilings

Location

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LISTING UPDATED: 08/06/2021 09:00 AM

Property Details for 1497 Myrtle Avenue

StatusPermanently Off Market
Days on Market283
Taxes$4,550 / month
Maintenance-
Min. Down Pymt10%
Total Rooms28.0
Compass TypeMixed Use
MLS TypeSingle Family
Year Built1931
Lot Size2,353 SF / 69' x 68'
CountyKings County

Building

1497 Myrtle Ave

5 Units3 StoriesBuilt in 1931

Location

Add your commute

Virtual Tour

Building Information for 1497 Myrtle Avenue

Stories3Year Built1931Building Size69.08' x 68'Building Sq. Ft14,092.32 SFLot Size2,353 SF / 69' x 68'Building Age-Building Type-Senior Community-

Payment Calculator

$16,185 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,635

Property Taxes

$4,550

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 1497 Myrtle Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1497 Myrtle Avenue

This home is within Nyc Geog District #32 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - 5 to 8
Rating
School
Distance
P.S. 116 Elizabeth L Farrell
PublicPK to 5

Jhs 291 Roland Hayes
Public6 to 8

All City Leadership Secondary School
Public6 to 12

Jhs 383 Philippa Schuyler
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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