facebook
Traded Co logo
Submit

The Stevens Family Sells Mixed-Use Property At 403 Myrtle Avenue For $4.675M

Property Image
SOLD
$4,675,000

New York

See Similar Deals
Mixed-use6,270 SF
Sold 05/05/2025
the dealplayerscompscontact
Property Image
SOLD

The Stevens Family Sells Mixed-Use Property At 403 Myrtle Avenue For $4.675M

403 Myrtle Avenue

See Similar Deals
Mixed-use6,270 SF
Sold 05/05/2025
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$745
Total Square Footage:6,270 SF
Transaction Type:Sale

The mixed-use property located at 403 Myrtle Avenue in Fort Greene has been sold for $4,675,000. The asset consists of 6 units and encompasses a total square footage of 6,270, resulting in a price per unit of $779,167 and a price per square foot of $745.

Summary of transaction details:

This transaction was facilitated by the brokerage team of Shaun Riney, Andrew Bronsteen, and Jason Farese, representing the seller, The Stevens Family, under Marcus & Millichap. Their collective expertise contributed to the successful conclusion of the sale in the competitive Fort Greene market.

Players

Andrew Bronsteen
64 deals$257.5M volume
BROKER

Shaun Riney
Marcus & Millichap
355 deals$1.8B volume(718) 475-4369
BROKER

Jason Farese
Marcus & Millichap
24 deals$84.6M volume(718) 475-4352
BROKER

Details

SOLD
IMAGE: Jason Farese, Shaun Riney & Andrew Bronsteen DATE: 5/5/2025 ADDRESS: 403 Myrtle Avenue MARKET: Fort Greene ASSET TYPE: Mixed-use SELLER: The Stevens Family BROKERS: Shaun Riney (@ShaunRiney1), Andrew Bronsteen (@BKBronsteen) & Jason Farese (@JRFareseNYMF) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $4,675,000 UNITS: 6 ~ PPU: $779,167 SF: 6,270 ~ PPSF: $745

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$249,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,609.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,161.89
Annual Debt Service$265,942.62