Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    681 Myrtle Ave Brooklyn, NY 11205-3928
    Property profile & analytics

    681 Myrtle Ave, Brooklyn, NY 11205-3928

    View on Map
    • Investment properties
    • 3,836 SF
    • 0.03 lot acres
    Off-Market
    Property ID
    US63-0836170
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rite Site Optical / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • MALCHUS SHTREIMEL / Clothing & Fashion Store

    Property Details for 681 Myrtle Ave

    Year built
    1931
    Lot size
    0.03 lot acres
    Zone code
    M12R6A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    01734-0045
    APU
    17340045

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 6, 2013 $10,000 Myrtle Bedford Holdings LLC Irt Ptshp Dtd Warranty Deed —
    Mar 26, 2001 — Irt Partnership Ltd Tauber,rachela Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,355,000
      Market price range: $1.36M - $3.62M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.956
    Latitude
    40.6948
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,268
    $9,420
    $112,800
    $122,220
    -
    $157,000
    $1,880,000
    $2,037,000

    Comparable in this City

    • Value Estimation
      $860,000
      3,120 SF

      280 Nostrand Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      280 Nostrand Ave, Brooklyn, NY 11205-4927
      View Details
    • Value Estimation
      $3,490,000
      8,040 SF

      269 Clermont Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      269 Clermont Ave, Brooklyn, NY 11205-4605
      View Details
    • Value Estimation
      $3,120,000
      3,960 SF

      713 Myrtle Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      713 Myrtle Ave, Brooklyn, NY 11205-3190
      View Details
    • Value Estimation
      $1,925,000
      5,506 SF

      383 Willoughby Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      383 Willoughby Ave, Brooklyn, NY 11205-4580
      View Details
    • Value Estimation
      $775,000
      2,376 SF

      135 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      135 Park Ave, Brooklyn, NY 11205-2002
      View Details
    • Value Estimation
      $1,865,000
      4,200 SF

      338-340 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      338-340 Park Ave, Brooklyn, NY 11205
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Clinton Hill Art Supply Business

      Established Art Supply Store & Building
      0 Dekalb Ave, New York, NY 11205
      View Details
    • Contact for pricing

      Established Art Supply Business in Clinton Hill

      Profitable Art Supply Store - High Revenue
      0 Dekalb Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      7,635 SF

      Mixed-Use Building with Facade Upgrade

      Seven-unit mixed-use building with recent facade upgrades and parking.
      551 Myrtle Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      3,856 SF

      Fort Greene Mixed-Use Property

      Mixed-use property in Fort Greene with high foot traffic.
      374 Myrtle Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      14,745 SF

      Mixed-Use Building with Tax Abatement

      New mixed-use building with commercial space and residential units.
      267 Franklin Ave, Brooklyn, NY 11205
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Williamsburg Location Office Space

      Office space for rent in prime Williamsburg location.
      414 Flushing Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      1,400 SF

      Fort Greene Restaurant Space Available

      Fully built-out restaurant space in the heart of Fort Greene.
      352-360 Myrtle Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      1,450 SF

      Brooklyn Office Space with Sunlight

      Office space for rent featuring natural light and original details.
      160 Washington Park, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      42,646 SF

      Tech-Focused Office Space Available

      Office building with tech-focused features available for rent.
      1 Dock 72 Way, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      3,100 SF

      Bedford Avenue Retail Space

      Three-level retail space with flexible usage options.
      747 Bedford Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing

      Brooklyn Navy Yard Leasing Opportunity

      Commercial space available for lease in Brooklyn Navy Yard.
      Brooklyn Navy Yard, Brooklyn, NY 11205
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    681 Myrtle Ave
    Brooklyn, NY 11205-3928
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    681 Myrtle Ave, Brooklyn, NY, 11205
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!