$1,600,000
Updated 9 years ago
Sold

411 Myrtle Ave

Clinton Hill, Brooklyn | Vanderbilt Ave & Clinton Ave

4,620 Square FeetRental Property

$1,600,000
floors / apts4 / 3
Lot Size20'x81'
Built Size21'x55'
Building TypeTownhouse
Price Per SF
$346

This property was sold for $1,450,000 on 09/06/12.

Building Amenities

  • Video Intercom
  • Roof Deck

Property Description for 411 Myrtle Ave

The subject property is a 4-story, 21’ x 55’, 4,620 SF mixed-use building located on the north side of Myrtle Avenue between Vanderbilt & Clinton Avenue.

The subject consists of one retail tenant & 3 floor through apartments. Each residential tenant pays their own heat/electric utilities & have leases that run through 12/2012.

The retail tenant pays their own electric & heat utilities, as well as the common area electric. The lease expires in February 2019 with 3% increases in revenue each year.

Listing History for 411 Myrtle Ave

Now
09/18/2012
$1,450,000
Sold and Closed by Stephen Palmese
Cushman & Wakefield
09/18/2012
Contract Signed by Stephen Palmese
Cushman & Wakefield

Building Details for 411 Myrtle Ave

OwnershipRental Property
Building TypeTownhouse
Service LevelVideo Intercom
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

Clinton-Washington Avs
0.39 miles

Citi Bike

Clinton Ave & Myrtle Ave
0.03 miles
Adelphi St & Myrtle Ave
0.13 miles

Contact Agents

Contact Agents

Stephen Palmese
Cushman & Wakefield
Guthrie Garvin
Cushman & Wakefield
Winfield Clifford
Cushman & Wakefield

Clinton Hill | Brooklyn

Quick Profile

Tucked behind the Brooklyn Navy Yard in central Brooklyn is the quiet residential neighborhood of Clinton Hill. Once a strictly working-class neighborhood, Clinton Hill has become known for its elegant brownstones and stately mansions that were built as Manhattanites crossed the East River in the 1920s in search of the supposed health benefits that came from living “on the hill,” which has an elevation of 95 feet. Now you will also find newer luxury apartment and condo buildings interspersed throughout the neighborhood.

The Pratt Institute and St. Joseph College give the area a certain energy that comes from having a college in your town, while it’s leafy streets, some with their original cobblestones, and slower pace attract young families. Millennials and professionals are flocking to Clinton Hill in search of a reasonably priced neighborhood that offers both nightlife and an easy commute to Manhattan. Clinton Hill is a beautiful neighborhood with a suburban feel and firm roots in its past that also offers plenty of urban amenities.

New businesses are showing up in Clinton Hill on a regular basis, adding to the current proliferation of coffee shops, restaurants, and bars. As the population changes, new entertainment and nightlife venues are migrating to the area to meet the demand. Barclays Center is within easy walking distance, offering exciting sporting events and concerts.

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 42041TH