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$5,010,750
List Price: $5,100,000
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1086 Myrtle Avenue

House in Stuyvesant Heights •  building info
15bd • 5,000ft² • $1,020 per ft²
Buy with Yoreevo

$5,010,750

List Price

$5,100,000

Key Details
Days on market
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Last price change
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Estimated payment
$35,888/mo
Taxes
$6,876/mo
Maintenance
N/A
Description
1086 Myrtle Avenue, Brooklyn, NY 11206 Prime Bedford-Stuyvesant Development Opportunity Development Site | 5,000 SF Lot | 50' × 100' | C4-4L / R7A-Equivalent Zoning Presenting 1086 Myrtle Avenue, a highly strategic development opportunity in the heart of Brooklyn's rapidly evolving Bedford-Stuyvesant neighborhood. The property occupies a 50-foot-wide by 100-foot-deep lot totaling approximately 5,000 square feet, currently improved by an existing approximately 50' × 100' building. The site is located within a C4-4L zoning district, with R7A-equivalent residential development potential, offering developers and investors an opportunity to reposition or redevelop the property in one of Brooklyn's most active corridors. Property Highlights Address: 1086 Myrtle Avenue, Brooklyn, NY 11206 Lot Size: 50' × 100' — approximately 5,000 SF Existing Building: Approximately 50' × 100' Zoning: C4-4L / R7A-equivalent Property Type: Development / Mixed-Use Opportunity Neighborhood: Bedford-Stuyvesant Tax Lot: Block 1586, Lot 6 Transit: Steps from the Myrtle Avenue J/M/Z subway station Frontage: Approximately 50 feet on Myrtle Avenue Development Potential The property's C4-4L / R7A-equivalent zoning creates an attractive platform for a new mixed-use or residential development, subject to applicable zoning regulations, bulk requirements, approvals, and Department of Buildings review. With a 5,000 SF development footprint and 50 feet of frontage, the site is particularly well suited for developers seeking a meaningful Brooklyn infill opportunity with strong residential and commercial demand. Potential uses may include residential, community facility, retail, and mixed-use development, subject to zoning and required approvals.

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Building amenities
Services and facilities
Fios Available
Parking Available
Building info
History
What it'll cost
Purchase price
$5,100,000
Asking Price: $5,100,000
Term
30 Years
Down Payment
$510,000 (10%)
Min: 10% (510,000)
Rate
6.5 %
Mortgage Amount
$4,590,000
Mortgage Payment
$29,012
Taxes
$6,876
Estimated Yoreevo rebate
$89,250
Estimated closing cost
$232,000
Total monthly cost $35,888
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$89,250 rebate.
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Listing Courtesy of 5 Boro Realty Corp

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