$22,000,000

471 Myrtle Ave Brooklyn, NY 11205

Clinton Hill Neighborhood

Estimated payment $127,336/month

Total Views 10,202
10 Beds
10 Baths
9,600 Sq Ft
$2,292 Price per Sq Ft

Highlights

  • Newly Remodeled
  • 0.21 Acre Lot
  • Hot Water Baseboard Heater

About This Home

470, 471 - 481 Myrtle Avenue Clinton Hill, Brooklyn. This is a rare opportunity to own 8 buildings 7 of them being consecutive addresses. The addresses are as follows 470 Myrtle Avenue, 471 Myrtle Avenue, 473 Myrtle Avenue, 475 Myrtle Avenue #A, 475 Myrtle Avenue #B, 477 Myrtle Avenue, 479 Myrtle Avenue 481 Myrtle Avenue. The total lot size for these buildings combined is 120 x 80 for a total of 9,600 sq. ft. • 8 PROPERTIES TOTAL • 6 MIX USE (7 Commercial, 8 Residential) • 2 COMMERCIAL 471 Myrtle Avenue - 1 commercial, 2 residential (Two, 2 bedroom apartments) 473 Myrtle Avenue - 1 commercial 475/477 Myrtle Avenue - 3 commercial, 3 residential (Two, 2 bedroom apartments) 479 Myrtle Avenue - 1 commercial, 1 residential (One, 2 bedroom apartment) 481 Myrtle Avenue - 1 commercial TAXES / EXPENSES Taxes for this real estate package are approximately 44,434 annually (this includes all 8 properties) INCOME This real estate package generates 444,000 annually (this includes all 8 properties)

Listing Agent

Thomas Gugliucci

Thomas Gugliucci Real Estate License #10491207121

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $54,534

Year Built

  • Built in 1955 | Newly Remodeled

Lot Details

  • 9,300 Sq Ft Lot
  • Lot Dimensions are 120x80

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 9,600 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • 220 Volts
  • Individual Gas Meter

Community Details

  • 10 Units

Listing and Financial Details

  • Legal Lot and Block 0090 / 01890
  • Assessor Parcel Number 01890-0090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$54,534

Year Built

Built in 1955 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: 9+F
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Lot Size: 120x80
  • Modification Timestamp: 2024-11-04
  • Directions: GPS
  • New Construction: Yes
  • Building Stories: 3
  • Year Built Details: New
  • Year Built: 1955
  • General Property Info:Public Remarks3: 470, 471 - 481 Myrtle Avenue Clinton Hill, Brooklyn. This is a rare opportunity to own 8 buildings 7 of them being consecutive addresses. The addresses are as follows 470 Myrtle Avenue, 471 Myrtle Avenue, 473 Myrtle Avenue, 475 Myrtle Avenue #A, 475 Myrtle Avenue #B, 477 Myrtle Avenue, 479 Myrtle Avenue 481 Myrtle Avenue. The total lot size for these buildings combined is 120 x 80 for a total of 9,600 sq. ft. • 8 PROPERTIES TOTAL • 6 MIX USE (7 Commercial, 8 Residential) • 2 COMMERCIAL 471 Myrtle Avenue - 1 commercial, 2 residential (Two, 2 bedroom apartments) 473 Myrtle Avenue - 1 commercial 475/477 Myrtle Avenue - 3 commercial, 3 residential (Two, 2 bedroom apartments) 479 Myrtle Avenue - 1 commercial, 1 residential (One, 2 bedroom apartment) 481 Myrtle Avenue - 1 commercial TAXES / EXPENSES Taxes for this real estate package are approximately 44,434 annually (this includes all 8 properties) INCOME This real estate package generates 444,000 annually (this includes all 8 properties)
  • ContractLocation Information:List PriceSqFt2: 2291.67
  • General Property Info:Tax Abated: No
  • General Property Info:Irregular: No
  • General Property Info:Condition: Good
  • General Property Info:Year Built Info: New
  • General Property Info Bldg Dimensions: 120x80
  • Special Features: 4098
  • Stories: 3
  • Year Built: 1955

Interior Features

  • Full Bathrooms: 10
  • Total Bedrooms: 10
  • General Property Info:Stories2: 3.0
  • General Property Info:Basement Type: Full
  • General Property Info Basement Desc: Unfinished

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Siding:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Parking:On Street: Yes

Utilities

  • Cooling Y N: No
  • Heating: Hot Water, Natural Gas
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: City
  • General Property Info:No of Heating Units: 10.0
  • General Property Info:Air Conditioner: None
  • Sewer:City3: Yes
  • Heat Source:Gas2: Yes
  • Siding:Vinyl Siding: Yes
  • Heat System:Hot Water2: Yes
  • Electric Meters:Individual: Yes
  • Gas Meters:Individual2: Yes
  • General Property Info Cooling: No

Lot Info

  • Lot Size Sq Ft: 9300.0
  • Lot Size Units: Square Feet
  • Parcel #: 01890-0090
  • Zoning: R7-A
  • ResoLotSizeUnits: SquareFeet
  • General Property Info:Lot Size SqFt: 9300.0
  • General Property Info:Lot Dim: 120x80

Multi Family

  • Number Of Units Total: 10

Tax Info

  • Tax Annual Amount: 54534.0
  • Tax Block: 01890
  • Tax Lot: 0090
  • General Property Info:Taxes2: 54534.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,492 $108,360 $8,760 $99,600
2023 $4,285 $100,680 $8,760 $91,920
2022 $3,974 $79,020 $8,760 $70,260
2021 $4,189 $74,460 $8,760 $65,700
2020 $3,142 $49,140 $8,760 $40,380
2019 $3,899 $42,720 $8,760 $33,960
2018 $4,582 $17,583 $4,329 $13,254
2017 $3,381 $16,588 $4,379 $12,209
2016 $3,316 $16,588 $5,253 $11,335
2015 $1,887 $16,329 $6,208 $10,121
2014 $1,887 $15,530 $7,085 $8,445
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 For Sale $22,000,000 -- $2,292 / Sq Ft
Source: Staten Island Multiple Listing Service

Deed History

Date Type Sale Price Title Company
Executors Deed $175,000 First American Title Ins Co
Executors Deed $175,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $325,000 Commercial
Source: Public Records

Source: Staten Island Multiple Listing Service

MLS Number: 2406087

Staten Island Multiple Listing Service

APN: 01890-0090

New York Kings County Brooklyn 11205 Clinton Hill

471 Myrtle Ave, Brooklyn, NY

Homes for Sale in Brooklyn, NY

This home is located at 471 Myrtle Ave, Brooklyn, NY 11205 and is currently priced at $22,000,000, approximately $2,291 per square foot. This property was built in 1955. 471 Myrtle Ave is a home located in Kings County with nearby schools including P.S. 157 Benjamin Franklin, Community Partnership Charter School - Elementary School, and Trilok School.

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Listing Agent
Thomas Gugliucci
Section Image
Thomas Gugliucci Real Estate
(929) 628-2073