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    347 Myrtle Ave Brooklyn, NY 11205

    For Sale
    $1,999,000

    Renovated mixed-use building with retail space and residential units.

    Lot size:
    0.04 Acres

    Property Features for 347 Myrtle Ave

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1960

    Source: RE/MAX Real Estate Professiona Agent Billy E. Apter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Mixed-Use Brooklyn Building

    This is a renovated mixed-use building constructed of solid brick. The property features two residential units, each containing two bedrooms. The retail space is in turn-key condition and will be delivered vacant, presenting opportunities for end-users or investors.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.972428
    Latitude
    40.693456

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use building with retail space and residential units.
    Where is this mixed-use property located?
    The property is located at 347 Myrtle Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: - Totally renovated solid brick mixed-use building.; - Turn-key retail space delivered vacant.; - Located in one of Brooklyn's most desirable locations.
    (718) 532-2000
    Request Owner's contact information
    347 Myrtle Ave Brooklyn, NY 11205
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    Brooklyn, NY 11205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    347 Myrtle Ave Brooklyn, NY 11205
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