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489 Myrtle Avenue

Zimmerman Family Purchases Mixed-Use Property From Mohr Family For $2.135M In Clinton Hill
SOLDMixed-use

Zimmerman Family Purchases Mixed-Use Property From Mohr Family For $2.135M In Clinton Hill

489 Myrtle Avenue

$2,135,000

$667/SF

Building Size

3,200 SF

Asset Type

Mixed-use

Closing

Jan 18, 2026

AI

The property involved in this transaction is a mixed-use asset located at 489 Myrtle Avenue in the Clinton Hill market. The sale price of the property is $2,135,000, covering a total square footage of 3,200, which equates to a price per square foot of $667.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,135,000
  • Address: 489 Myrtle Avenue
  • Market: Clinton Hill
  • Square Footage: 3,200
  • Price Per Square Foot: $667
  • Buyer: Zimmerman Family
  • Seller: Mohr Family
  • Brokers: Shaun Riney, Andrew Bronsteen & Jason Farese - Marcus & Millichap

This sale was represented by brokers Shaun Riney, Andrew Bronsteen, and Jason Farese from Marcus & Millichap, who can be contacted to discuss similar opportunities in West Brooklyn at [email protected].

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

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.43%

Cash-on-Cash

-2.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93