Meridian Capital Group Brokers Sell Mixed-Use Property On Myrtle Avenue In Clinton Hill For $4.65M

The mixed-use property located at 584 Myrtle Avenue in Clinton Hill has been sold for $4,650,000. This transaction includes 8 apartments and 1 retail space, resulting in a total of 9 units. The price per unit (PPU) is approximately $516,667. The property spans a total of 8,235 square feet, making the price per square foot (PPSF) approximately $565.

Summary of transaction details

• Property Type: Mixed-Use (8 Apartments & 1 Retail Space)
• Transaction Amount: $4,650,000
• Units: 9
• PPU: $516,667
• SF: 8,235
• PPSF: $565
• Address: 584 Myrtle Avenue, Clinton Hill
• Market: Clinton Hill

The sale of 584 Myrtle Avenue was facilitated by Adam J. Hess and Edward Setton from the Meridian Capital Group. This is the second time that @TeamHessBk has been involved in the transaction of this property, with the first sale taking place in 2018.