1,900 SF Retail Condo near Pratt
525 Myrtle Avenue
Want Matthew to contact you?
I would like to be contacted:
TerraCRG has been retained to exclusively represent ownership in the sale of a new-construction, vacant retail condo at 525 Myrtle Avenue in Clinton Hill, Brooklyn.
This vacant retail condo offers investors and/or users the opportunity to acquire 18 feet of frontage on Myrtle Avenue between Grand Avenue and Steuben Street. The condo offers 1,700 SF of above grade space and 200 SF of below-grade space, totaling 1,900 gross SF. All uses are permissible, and with the shaftway in place for venting, it is an ideal space for a restaurant. The space is white-boxed with an HVAC unit and two ADA approved bathrooms.
525 Myrtle Avenue has a 25-year 421-A and ICAP abatement in place. The net taxes are low at $2,496 annually, and the condo common charges are $980 per month. With low taxes and common charges, this opportunity provides an excellent investment for investors and/or users.
The property is located within walking distance to Pratt Institute, Fort Greene Park, Brooklyn Academy of Music and Brooklyn Navy Yard. The commute to Union Square in Manhattan is only 30 minutes with the Classon Ave G train stop just four blocks away