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 of Technology. 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.
Listed by Stephen F Oneal
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License #10301201678
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Douglas Elliman Real Estate
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(917) 714-0582
Listed by Alan S Nickman
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License #30NI0421068
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Douglas Elliman Real Estate
Last updated August 25, 2025
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Source: REBNY #RLS20043046
Listing Facts
TypeSingle-family
NeighborhoodClinton Hill
Bedrooms10
Bathrooms9.5
Days on Prevu22
Taxes$53,628/year
Amenities
Private Outdoor Space
Parking
Location
Mortgage Calculator
Listing History
08/15/2025
Listed by Douglas Elliman Real Estate
$18,500,000
Estimated Closing Costs
Total
$1,025,150
Attorney Fees
$4,000
NYC Mansion Tax
$647,500
Title Insurance
$83,250
Bank Attorney
$1,500
Mortgage Recording Tax
$284,900
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $18,500,000 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.
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.