Financial
Distress signals
Property profile

524 Myrtle Ave EDU01 Brooklyn, NY 11205

OFF-MARKET
Retail space
Property ID
US63-4207066
20,625 SF 0.47 ac lot Built 2009
Last sale Jan 2012 · $3,476,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 14-yr Hold Held for 14 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$177k
Tax billed · 2024
Assessed value$1.88M
Assessed land$282k
Assessed improvement$1.59M
Effective rate9.43%

Value estimate

· Sep 2026
$9.30M
$8.37M – $10.23M

Realmo valuation models over county records and 5 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 comparables5

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?
R7-1
C1 or C2 mapped in R7-1 3.5 1.0 (b) For buildings containing residential and community facility uses , where such buildings have a ratio ...
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 Firm81.4
Assisted Living Facility16.0
Nursing Home12.4

Location

524 Myrtle Ave, Unit EDU01 Brooklyn, NY 11205-2606
County assessor Recorded deeds · 9 transfers 5 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
531 Myrtle Ave, Brooklyn, NY 11205-2605 $3,000,000 Aug 2023 8,202 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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