402-406 Myrtle Ave
402-406 Myrtle Ave
Fort Greene
Stabilized mixed-use corner asset in the heart of Fort Greene with strong in-place income and a national retail anchor.
| Neighborhood | Fort Greene |
|---|---|
| Size | 15,077 SF |
| Stories | 4 |
| Units | 12 Residential and 1 Retail |
Investment Highlights:
Meridian Investment Sales is pleased to present 402-406 Myrtle Avenue, a fully occupied, mixed-use corner property located at the intersection of Myrtle and Vanderbilt Avenues in the heart of Fort Greene, Brooklyn. The asset spans 11,687 rentable square feet across 13 units, including one 3,600-square-foot retail unit leased to JP Morgan Chase Bank through 2029 and 12 free-market residential apartments that are 92% occupied. The buildings have been thoughtfully renovated with 406 Myrtle updated in 2009 and 402 Myrtle in 2017, featuring modern interiors, elevator access, and a private rooftop amenity for residents.
Positioned in one of Brooklyn’s most vibrant and culturally rich neighborhoods, the property is surrounded by landmark destinations like the Brooklyn Academy of Music (BAM), Fort Greene Park, and the Barclays Center. With strong in-place cash flow, a rent roll anchored by a premier national retail tenant, and substantial upside in residential rents, 402-406 Myrtle Avenue offers investors a rare opportunity to acquire a stabilized asset with long-term income potential and irreplaceable location dynamics.
Listing Contact Information
