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1497 Myrtle Ave., Brooklyn, NY 11237

$1,995,000
Active Listing
Listing Details:
$1,995,000 Price
Multi-Family Townhouse Property Type
Bushwick Neighborhood
12 Beds
7.5 Baths
6,469 Approx. Sq. Ft.
$4,484 RET
Key Features:
Prewar
Allows Pets
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 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 courtesy of Compass

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