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Property profile & analytics
FOR SALE
Investment properties

347 Myrtle Ave Brooklyn, NY 11205

2,100 SF 0.04 ac lot Built 1960
Individually Owned 10-yr Hold Free & Clear
Property ID
US63-0842206
347 Myrtle Ave, Brooklyn, NY 11205 For Sale
$1,999,000 2,100 SF
347 Myrtle Ave, Brooklyn, NY 11205
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1960
Total area 2,100 SF
Lot 0.04 ac (1,708 SF)
Zoning code R7A
APN 02044-0087
UPID US63-0842206
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$700k
Owner & transaction history
Rosemarie Iadarola · 10 yrs held
Rosemarie Iadarola
since 2015
3 recorded transactions
2015
Price N/A
2010
Price N/A
2001
$30,000
Zoning & alternative use
R7A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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