The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

A four-story mixed-use building at 414 Myrtle Avenue, located between Clinton and Vanderbilt Avenues, in Fort Greene, Brooklyn, was sold in an all cash transaction valued at $1,325,000.

Located between Chase Bank and Emigrant Savings Bank, this stretch of Myrtle Avenue is one of the busiest intersections in the neighborhood.  The building measures approximately 4,300 square feet and sits on a 20’x 94’ lot.  With a renovated store front, which includes twenty-four new steel support beams on the floors, exposed brick walls, high ceilings and a newly finished basement, the approximately 1,300 square feet – vacancy - was highly sought after by potential owner/occupants.  The remaining three upper floors contain residential floor-through apartments, each with independent heating units, and all in modern condition.  Market rent for these units is approximately $2,300 per apartment.

Neighborhoods: Fort Greene/ Agents: Stephen Palmese