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Renovated Retail Space
New
For Lease
$4,200/Mo

1497 Myrtle Avenue, Brooklyn, NY 11237

Commercial Lease, Bushwick, NY

Space Size700 SF
Days on Market3

Property Features for 1497 Myrtle Avenue

General Information

Property type Commercial Lease
Property subtype Other
Bathrooms 1
Half bathrooms 1
Rooms Bathroom 1
Subdivision Bushwick
Standard status Active

Amenities

large front window
state of the art split systems
walking distance to M and L trains
Listing Agency: EVERGREEN REALTY & INVESTMENTS
Listed By: Emma Barattini
Added: Sep 23 Last Checked: Sep 25 at 3:06AM
MLS# 11997521

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This approximately 700 SF retail space at 1497 Myrtle Avenue features a large front window, one bathroom, and recently completed interior renovation. Split-system equipment provides both heating and cooling, while the layout is suited to dry retail or limited food preparation without major cooking.

The property sits along a busy commercial corridor in Bushwick with substantial pedestrian activity and convenient access to the M and L subway lines. Additional basement space is available separately, providing an option for supplemental storage or operational needs.

Key Highlights

  • Approximately 700 SF of retail space
  • Large front window provides direct sidewalk exposure
  • Recently completed full interior renovation

Property Analytics

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Current Use

Retail space

Suggested Use

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

Lease Details

NNN (Triple Net)
Lease Type
$10.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,940
Businesses Nearby
411k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 42% Dining 31% Shops & Services 16% Apparel 5%
Food Bazaar Supermarket Groceries
76,560 visits/mo 0.3 miles
Food Bazaar Supermarket Groceries
51,452 visits/mo 0.2 miles
Burger King Dining
36,411 visits/mo 0.2 miles
White Castle Dining
24,528 visits/mo 0.1 miles
Dunkin' Donuts Dining
23,384 visits/mo 0.2 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Brooklyn, NY

$53.87 /SF/Yr
Avg Asking Price
$8.63–$107 /SF/Yr
Price Range
3,792 SF
Avg Space Size

This space is priced 34% above the average of $53.87 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Approximately 700 SF with prominent street-facing glass and updated heating and cooling systems.
Where is this retail space located?
The property is located at 1497 Myrtle Avenue Brooklyn, NY.
What is the lease rate?
The lease rate is $4,200/Mo.
What are key features of this property?
This property features: Approximately 700 SF of retail space; Large front window provides direct sidewalk exposure; Recently completed full interior renovation
More about this property
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