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Three-Story Mixed-Use Property
For Sale
Contact for pricing
Pending

1497 Myrtle Avenue, Brooklyn, NY 11237

Ground-floor retail units accompany vacant office floors with residential conversion plans for the upper levels.

Property SizeContact for details
Days on Market149

Property Features for 1497 Myrtle Avenue

General Information

Standard status Pending
Property subtype Retail, Office, Mixed Use
Listing Agency: NY Off Market
Listed By: Robert D'Angelo · License #NY 10311207877
Source: Crexi
Added: Apr 11 Changed: Sep 2 Last Checked: Sep 2 at 7:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NY Off Market

Investment Insights

Based on property information with market context.

This 3-story commercial building combines four ground-floor retail units with two floors of vacant office space. The upper levels are subject to plans for conversion into three four-bedroom units, including one duplex. The property will be delivered 95% vacant, with one remaining commercial tenant occupying the building on a month-to-month basis.

Located at 1497 Myrtle Avenue in Bushwick, the property is within walking distance of the L and M trains. Its existing retail and office configuration, together with the planned residential layout, creates a mixed-use building with multiple components across the three-story structure.

Key Highlights

  • 3‑story commercial building with 4 ground floor retail units
  • 2 floors of vacant office space
  • Plans for 3 four‑bedroom units, including 1 duplex

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Acupuncture Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,940
Businesses Nearby

Demographics for 11237, NY

49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail units accompany vacant office floors with residential conversion plans for the upper levels.
Where is this mixed-use property located?
The property is located at 1497 Myrtle Avenue Brooklyn, NY.
What are key features of this property?
This property features: 3‑story commercial building with 4 ground floor retail units; 2 floors of vacant office space; Plans for 3 four‑bedroom units, including 1 duplex
More about this property
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