616-618 Myrtle Avenue, Brooklyn, New York, 11205

616-618 Myrtle Avenue Apt: 616-618
Brooklyn NY 11205

EXCLUSIVE

Property

Ownership: Development Site
Type: Commercial Sale
Area: 3500 sq ft
Lot Size: 3742 sq ft

Financials

Price: $6,800,000
Marlon Schwarcz
President of Residential Luxury Division
Mobile: +13107707111
505 Park Ave, New York, NY 10022

Description

618 Myrtle Ave offers a blend of comfort and quality.

a Property footprint is 50 x 75 ft [3750 sq ft]
b We agreed to build a space in the basement for a local community church for buying their 2 buildings, 616 and 618. They get approximately 2,400 sq ft of finished condo basement space.
c Commercial space [ground floor] approximately 3,100 sq. ft.
d Floor plans for floors 2-4:
i. Unit A: 2BR/2-1/2 bath 1,225 sq ft;
ii. Unit B: 2 BR/2 bath [1,038 sq ft];
iii. Unit C: 1 BR/1 bath [592 sq ft]

Regarding the value of the property, we have 15,000sq ft of FAR by right. The lot and zoning support a 6 story building with an additional 7,500 sq ft for a total of 22,500 sq ft. If he is a developer, he may have FAR credit with the city, and use that to go higher.

Neighborhood

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616-18 Myrtle Prime Location Commerical Development

Description

618 Myrtle Ave offers a blend of comfort and quality.

a Property footprint is 50 x 75 ft [3750 sq ft]
b We agreed to build a space in the basement for a local community church for buying their 2 buildings, 616 and 618. They get approximately 2,400 sq ft of finished condo basement space.
c Commercial space [ground floor] approximately 3,100 sq. ft.
d Floor plans for floors 2-4:
i. Unit A: 2BR/2-1/2 bath 1,225 sq ft;
ii. Unit B: 2 BR/2 bath [1,038 sq ft];
iii. Unit C: 1 BR/1 bath [592 sq ft]

Regarding the value of the property, we have 15,000sq ft of FAR by right. The lot and zoning support a 6 story building with an additional 7,500 sq ft for a total of 22,500 sq ft. If he is a developer, he may have FAR credit with the city, and use that to go higher.

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.