572 Myrtle AveBrooklyn, NY 11205

Property Details for 572 Myrtle Ave

Year built

1946

Lot size

0.04 AC

Property size (Sq ft)

2,040 SF

Zone code

R7A

Property type

Investment properties

Property subtype

Live-work space

APN

01909-0027

APU

19090027

Description

This exceptional commercial property at 572 Myrtle Avenue in Brooklyn's vibrant Clinton Hill neighborhood offers a unique opportunity for multiple tenants. Located between Classon Avenue and Emerson Place, this retail and office space boasts convenient access to public transportation, including the G train at Classon Avenue and several bus lines (B54, B48, B62, & B38). The property features two available spaces, ranging in size from 600 square feet to 3,500 square feet, providing flexibility for various business needs. This prime location benefits from high foot traffic and strong visibility, surrounded by a thriving mix of established businesses. Nearby tenants include well-known brands such as Shell, Smoothie King, Dunkin', The UPS Store, AT&T, Bank of America, Chipotle, Walgreens Photo, Carvel Express, Nathan's Famous, Osteria Brooklyn, Nenos Mexican Gourmet, Putnam's Pub & Cooker, and OverGreens Salads & Juice, creating a dynamic and attractive commercial environment. The property is situated in Kings County, New York, with a zip code of 11205. This is an ideal location for businesses seeking high visibility and convenient access to a diverse customer base in a rapidly growing area. The flexible space options make this property suitable for a variety of retail and office uses. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $337,273

  6.5%

  $311,329

  7%

  $289,091

• Comparable approach

  Method

  Valuation

  Relative Method

  $266,546

  Geo Method

  $266,546

• Alternative Use

  Use

  Valuation

  Residential

  $386,048

  Hospitality

  $353,618

  Educational

  $294,206

  Medical

  $304,324

  Retail

  $457,653

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6937

Longitude

-73.9616

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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