THREE STORY MIXED-USE BUILDING FOR SALE A 21' wide four unit three story mixed use building. The property has a store on the ground floor, which also has access to the basement and back yard. The second floor has two one-bedroom apartments. The third floor also has two one-bedroom apartments. The units are located to the front and back of the building they have 10' ceilings and get great sunlight. The second and third floors have their own gas boilers and gas water heaters. The second and third floor are individually metered for gas and electric. The property is vacant and in need of renovation. There's a lot of original detail in the apartments and stairs that add value to the property. Please note: The property originally was a three story building with a store on the ground floor and two apartments above. The owner bought it with a store on the ground floor and four apartments above. The property is a prime investment opportunity , an investor can rent out the store and have the tenant renovate it. The second and third floors can be renovated and rented for $2,500 for each apartment. The property is located on a nice mixed-use area which is close to shopping and all modes of transportation. There's a lot of foot traffic coming from the J and M trains on Broadway & Myrtle Avenue which is two blocks away. The property is also a great development opportunity , a developer can build a new 8,715 square foot building. The commercial overlay allows the first and second floors to be commercial and can be built full. The third floor unit would have a big out door space to the back. The height limit allows a ten story building to be built. The building is great for a user , they can have a store on the ground floor and fix up the apartments above and rent them for income. The apartments need cosmetic renovation and the stairs need to be replaced. The units get great sun light and are free market. There's also the potential to put a billboard on the side of the building.
Sold for $1,850,000
$1,850,000
972 Myrtle Ave, Brooklyn, NY 11206
0beds
0baths
3,735sqft
SingleFamily
Built in 1931
2,075 Square Feet Lot
$-- Zestimate®
$495/sqft
$3,816 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,816/mo
Zestimate® history
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List your homeWhat's special
Commercial overlayBig out door spaceClose to shopping
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Appliances
- Included: Range / Oven, Refrigerator
Interior area
- Total interior livable area: 3,735 sqft
Property
Lot
- Size: 2,075 Square Feet
Details
- Parcel number: 017570017
Construction
Type & style
- Home type: SingleFamily
Condition
- Year built: 1931
Community & HOA
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $495/sqft
- Tax assessed value: $1,788,000
- Annual tax amount: $3,626
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2023 | Sold | $1,850,000-26%$495/sqft |
Source: Public Record Report a problem | ||
| 7/28/2022 | Listing removed | -- |
Source: | ||
| 7/22/2022 | Listed for sale | $2,500,000$669/sqft |
Source: | ||
| 3/30/2016 | Listing removed | $2,849$1/sqft |
Source: Brooklyn Realty Report a problem | ||
| 12/8/2015 | Listed for rent | $2,849$1/sqft |
Source: Mia J. Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,626 -0.4% | $107,280 |
| 2024 | $3,641 | $107,280 +4% |
| 2023 | -- | $103,140 +22.3% |
| 2022 | -- | $84,360 +10.7% |
| 2021 | -- | $76,200 +53.4% |
| 2020 | $3,223 +0.8% | $49,680 +15% |
| 2019 | $3,198 +7.2% | $43,200 +203.1% |
| 2018 | $2,982 +8.8% | $14,255 +6% |
| 2017 | $2,742 +10.5% | $13,449 +6% |
| 2016 | $2,481 | $12,688 |
| 2015 | $2,481 +62.1% | $12,688 +0.8% |
| 2014 | $1,530 | $12,590 -68.2% |
| 2007 | -- | $39,636 +53.6% |
| 2006 | -- | $25,800 |
Find assessor info on the county website
Neighborhood: Bedford-Stuyvesant
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Nearby schools
GreatSchools rating
- 6/10Brighter Choice Community SchoolGrades: PK-5Distance: 0.2 mi
- 6/10Jhs 57 Whitelaw ReidGrades: 6-8Distance: 0.6 mi
- 5/10The Brooklyn Academy Of Global FinanceGrades: 9-12Distance: 0.6 mi