facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

381 Myrtle Avenue

Roger Bradshaw Sells Mixed-use Property At 381 Myrtle Avenue Fort Greene For $2.65M
SOLDMixed-use

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

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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