Updated 17 days ago
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471-481 Myrtle Ave

Clinton Hill, Brooklyn | Washington Ave & Hall Street

10 BedsIncome Property

$18,500,000
floors / apts3 / 8
Lot Size120'x80'
ZoneR7A
Building TypeLow-Rise
RE Taxes$53,628

Building Amenities

  • Voice Intercom

Property Description for 471-481 Myrtle Ave

Douglas Elliman, as exclusive agent, is thrilled to offer for sale an INCREDIBLE DEVELOPMENT OPPORTUNITY; In offering the assemblage of 471, 473, 475-477, 479 and 481 Myrtle Avenue, Clinton Hill Brooklyn. These Five buildings represent a large contiguous offering (all same ownership) to develop a singular 9 story property along Myrtle Avenue cornering on Hall Street in the prime Clinton Hill neighborhood of Brooklyn. This presents a development opportunity to construct a 9-story mixed use of approximately 60,000 +/- Gross SF property (including cellar) of residential with ground floor retail space. The Property is located within one block of Pratt Institute. This is a rare opportunity to develop a newly constructed mixed-use property to high standards. The property is partially tenanted with residential and retail space. There is current reoccurring income until development plans are in place. Setup available upon request.


Listing History for 471-481 Myrtle Ave

Now
08/15/2025
Back on the Market by Stephen O'Neal
Douglas Elliman
08/07/2025
Expired by Alan Nickman
Douglas Elliman

Building Details for 471-481 Myrtle Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built1955
Floors/Apts3/8
Learn More About the Building

Transit and Citi Bike

Subway

Clinton-Washington Avs
0.38 miles
Classon Av
0.47 miles

Citi Bike

Willoughby Ave & Hall St
0.13 miles
Clinton Ave & Myrtle Ave
0.13 miles

Contact Agents

Contact Agents

Licensed As
Alan S. Nickman
Associate Broker
License#:
30NI0421068
Company:
Douglas Elliman
Alan Nickman
Douglas Elliman
View this property on the company's website

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: 90449TH