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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
    $3,849 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,849/mo

    Zestimate® history
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    What's special

    Commercial overlayBig out door spaceClose to shopping
    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.

    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 sqft
    Details
    • Parcel number: 017570017

    Construction

    Type & style
    • Home type: SingleFamily
    Condition
    • Year built: 1931

    Community & neighborhood

    Location
    • Region: Brooklyn

    Price history

    DateEventPrice
    10/2/2023Sold$1,850,000-26%$495/sqft
    Source: Public Record Report a problem
    7/28/2022Listing removed--
    Source: Halstead / Brown Harris Stevens Report a problem
    7/22/2022Listed for sale$2,500,000$669/sqft
    Source: Halstead / Brown Harris Stevens #21930941 Report a problem
    3/30/2016Listing removed$2,849$1/sqft
    Source: Brooklyn Realty Report a problem
    12/8/2015Listed for rent$2,849$1/sqft
    Source: Mia J. Report a problem

    Public tax history

    YearProperty taxesTax 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

    Nearby schools

    GreatSchools rating