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1086 Myrtle AvenueBrooklyn, NY 11206

For Sale

$5,800,000

Smart Buyer Rebate $72,500

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.

Listed by Natalie Efraimov

·

5 Boro Realty Corp

·

646-821-0414

Last updated September 15, 2026

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Source: OneKey #1050736

Listing Facts

  • TypeMulti-family
  • NeighborhoodBedford-Stuyvesant
  • Bedrooms15
  • Days on Prevu1
  • Taxes$82,506.84/year

Location

Mortgage Calculator

Listing History

09/14/2026
Listed by 5 Boro Realty Corp
$5,800,000
  1. 09/14/2026$5,800,000
    Listed by 5 Boro Realty Corp

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$130,500
Title Insurance
$26,100
Bank Attorney
$1,500
Mortgage Recording Tax
$89,320
Other Closing Costs
$4,000
Total
$255,420

Estimated closing costs are based on the list price of $5,800,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1086 Myrtle Avenue

Exterior

Construction

  • Number Of Units Total: 10
  • Property Attached: Yes
  • Year Built: 1917
  • Construction Materials: Other

Measurements

  • Building Area Total: 10,000
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Square Feet: 5,000

Financial

Taxes

  • Parcel Number: 01586-0006
  • Tax Annual Amount: $82,506.84
  • Tax Assessed Value: $937,800.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: Other

Rooms

  • Basement: Crawl Space
  • Has Basement: Yes
  • Bedrooms Total: 15

Schools

Elementary School

  • Elementary School: Brooklyn Arbor Elementary School
  • Elementary School District: Brooklyn 14

High School

  • High School: Brooklyn Prep High School
  • High School District: Brooklyn 14

Middle or Junior School

  • Middle Or Junior School: Brooklyn Prep High School
  • Middle Or Junior School District: Brooklyn 14

Utilities

Equipment

  • Cooling: Multi Units
  • Heating: Other
  • Sewer: Other
  • Utilities: See Remarks
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 15 bedrooms in this multi-family home at 1086 Myrtle Avenue.

What schools are nearby to 1086 Myrtle Avenue?

Nearby schools include the Brooklyn Arbor Elementary School, Brooklyn Prep High School Middle School, and Brooklyn Prep High School.

What are the annual taxes for 1086 Myrtle Avenue?

Annual taxes for this multi-family home are estimated at $82,506.

How does 1086 Myrtle Avenue compare to other multi-family homes in Bedford-Stuyvesant?

This multi-family home is listed 139% above the average price for multi-family homes in Bedford-Stuyvesant and has been on the market for 77 less days than the typical home in this area.

1086 Myrtle Avenue is a 15-bedroom multi-family home for sale in Brooklyn NY 11206. On Prevu for 1 days at $5,800,000. This home is located in Bedford-Stuyvesant. The median listing price for multi-family homes in this area is $1,600,000. Nearby schools include Brooklyn Arbor Elementary School, Brooklyn Prep High School Middle School, and Brooklyn Prep High School. Explore more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.