Roger Bradshaw Sells Mixed-use Property At 381 Myrtle Avenue Fort Greene For $2.65M
381 Myrtle Avenue
$2,650,000
$491/SF
Building Size
5,394 SF
Asset Type
Mixed-use
Closing
Nov 17, 2025
AI
The property asset involved in this transaction is a mixed-use building located at 381 Myrtle Avenue in Fort Greene, Brooklyn. The asset was sold for $2,650,000 and has a total square footage of 5,394, which equates to a price per square foot of $491. It comprises 3 units, resulting in a price per unit of $883,333.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,650,000
- Address: 381 Myrtle Avenue
- Market: Fort Greene, Brooklyn
- Square Footage: 5,394
- Price per Square Foot: $491
- Units: 3
- Price per Unit: $883,333
- Seller: Roger Bradshaw
- Broker: Shaun Riney, Andrew Bronsteen & Jason Farese - Marcus & Millichap
- Date of Transaction: 11/18/2025
This transaction represents the 5th building that the New York Multifamily team has sold along Myrtle Avenue in Fort Greene/Clinton Hill over the past 5 years and the 3rd sale completed this year. The execution of this deal took over 2 years, involving a marshals eviction, bankruptcy, and a short sale.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93