374 Myrtle Avenue, Brooklyn, NY 11205
Mixed-use property in Fort Greene with high foot traffic.
- Added:
- Mar 4, 2026
- Days on Market:
- 106
- Last Refresh:
- Mar 16 at 2:19 pm
Property Features for 374 Myrtle Avenue
General Information
- Standard status
- Active
- Size
- 3,856 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1969
Listing agent Sean R. Kelly, Esq. License #NY 10301203478
Listing office Ariel Property Advisors
Listing date Mar 4, 2026
Source Crexi
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 Ariel Property Advisors
HighLights
- Prime location in the heart of Fort Greene
- High‑visibility on the bustling Myrtle Avenue corridor
- Exceptional foot traffic
- Easy access to G, B, D, N, Q, R, 2, 3, 4 subway lines
- Quick connection throughout all five boroughs
- Built in 1969
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $299.8k | $77.76 |
| − Vacancy | −$35.7k | −$9.25 |
| EGI | $264.2k | $68.51 |
| − OpEx | −$79.2k | −$20.55 |
| NOI | $184.9k | $47.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.971218
- Latitude
- 40.692973
