Financial
Distress signals
Property profile

531 Myrtle Ave CU Brooklyn, NY 11205

OFF-MARKET
Retail space
Property ID
US63-5335012
8,202 SF 0.17 ac lot Built 2015
Last sale Aug 2023 · $3,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional restaurant space at 531 Myrtle Avenue in Brooklyn, NY, offers 2,100 square feet of fully built-out, vented space on the ground floor, perfect for a quick-service restaurant (QSR). Located on the northwest corner of Myrtle Avenue and Steuben Street, this high-visibility location boasts 22 feet of frontage on Myrtle Avenue and an additional 78 feet on Steuben Street, ensuring maximum exposure to the heavy foot traffic of this vibrant corridor. The property also includes a 1,535

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$124k
Tax billed · 2024
Assessed value$1.40M
Assessed land$93k
Assessed improvement$1.31M
Effective rate8.86%

Value estimate

· Sep 2026
$2.93M
$2.64M – $3.22M
AI approach$2.89M
Submarket $/SF estimate$2.43M

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$770/SF
Submarket average, outlier-cleaned · 291 recorded sales of this use type
Observed band · Q1–Q3$457 – $1,224
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R7A
This district is designed to supports medium to high density housing, particularly in areas well served by public transportation and comm...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm86.3
Hair Salon16.5
Assisted Living Facility16.0

Location

531 Myrtle Ave, Unit CU Brooklyn, NY 11205-2605
County assessor Recorded deeds · 4 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
527 Myrtle, Brooklyn, NY 11205 $2,788,425 Apr 2024 2,100 SF
113 Spencer, Brooklyn, NY 11205-2805 $7,500,000 Jul 2023 5,000 SF
533 Park, Brooklyn, NY 11205 $5,800,000 Aug 2020 11,657 SF
111 Steuben St, Brooklyn, NY 11205-2624 $2,500,000 Aug 2019 6,220 SF
483 Myrtle, Brooklyn, NY 11205-2508 $86,000 Jun 2019 3,360 SF
394-398 Myrtle, Brooklyn, NY 11205 $3,450,000 Dec 2018 4,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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