347 Myrtle Ave Brooklyn, NY 11205
For Sale
This exceptional investment opportunity presents a meticulously renovated three-story mixed-use building situated at 347 Myrtle Avenue in the highly desirable Brooklyn neighborhood of Kings County, New York, 11205. The property boasts a total of 2,100 square feet on a 1,747 square foot lot and was constructed in 1960. The building is zoned R7A, allowing for a variety of uses. The building's layout comprises four residential units, specifically two 2-bedroom apartments on each of the upper two floors. A ground-floor retail space is included and will be delivered vacant, presenting a unique opportunity for immediate income generation or flexible use. The building's solid brick construction ensures durability and longevity. The asking price for this turnkey property is $1,999,000. Its prime location and recent renovations make this a compelling investment prospect with significant potential for strong returns. The property's exposed brick adds to its character and appeal. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving Brooklyn neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R7A · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.