Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
471-481 MYRTLE Avenue
Interested in this property?
Active For Sale Mixed Use

$18,500,000

471-481 MYRTLE Avenue

Clinton Hill, Brooklyn

MLS® #RLS20043046

RLS at REBNY

Listing by Douglas Elliman Real Estate

10

Bedrooms

7.5

Baths

N/A

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 10
Bathrooms 8 full, 5 half
Year Built N/A
Ownership None
Property Taxes $53,628/yr
Parking Garage (10)
Neighborhood Clinton Hill
Floor 1 of 1

Property Highlights

  • Views: Other
  • Parking: Private garage with 10 spaces

Property Details

Type Mixed Use
Ownership None
Total Rooms 20
Baths 7 Full, 5 Half
Floor 1 of 1
View Other
Pets Yes
Parking Garage Available (10 spaces)
Parking Features Assigned, Garage
Structure Type MixedUse
Basement Other
Block/Lot 01824/0016

Listing History

Event Date Price Change
Listed Aug 15, 2025 $18,500,000 -
Currently May 4, 2026 $18,500,000 -

Description

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.

Features & Amenities

Interior Features

Smoke Free In Unit

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units 1
Stories 1
Structure MixedUse

Financial Details

RE Taxes $53,628/yr ($4,469/mo)

Clinton Hill is a neighborhood defined by its architectural diversity and creative energy. Home to the Pratt Institute, the area features a stunning mix of grand 19th-century mansions, historic carriage houses, and mid-century cooperatives. The neighborhood offers a leafy, residential feel with a popular culinary scene along DeKalb Avenue and easy access to the cultural amenities of nearby Fort Greene.

Clinton Hill Live Market Data

View Neighborhood

Active Listings

54

Median Asking Price

$924K

Median $/Sqft

$1,149

Avg Days on Market

N/A

New This Week

4

Price Reduced

30%

Sold (30 Days)

8

Median Sale Price

$1.02M

Live data from RLS at REBNY • Updated 5/3/26, 10:42 PM EST

Recently Sold in Clinton Hill

View All

Location

Loading map...

471-481 MYRTLE Avenue, Clinton Hill, Kings County

Building Information

Official NYC property records for this building

1955
Year Built
71 years old
3
Floors
2
Residential Units
R7A
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $128,160
Land Value: $8,760
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,600 SF
Building Area: 2,100 SF
Built FAR: 1.31
Allowed FAR: 4

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $53,628, or roughly $4,469 per month. Verify the current assessment with your attorney before closing.

This property has 10 bedrooms and 7 full bathrooms and 5 half bathrooms.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20043046
First Listed: 8/15/2025
On Market: 8/15/2025
Price Changed: 8/15/2025
Contract Date: 8/15/2025

Listing Courtesy of Douglas Elliman Real Estate - Stephen F Oneal

Listing Contact: (917) 714-0582

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 2:42 AM UTC

Buying in NYC? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Pre-Approval Strategy for NYC Buyers

How to get pre-approved and budget for all NYC purchase costs.

Read article

NYC Closing Costs: Complete Breakdown

Buyer and seller closing costs itemized, including what to budget for.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email