1086 Myrtle Ave Brooklyn, NY 11206
Bed-Stuy NeighborhoodEstimated payment $38,491/month
Highlights
- 0.11 Acre Lot
- Multiple cooling system units
- 2-minute walk to Myrtle Avenue
About This Home
1086 Myrtle Avenue, Brooklyn, NY 11206
Prime Bedford-Stuyvesant Development Opportunity
Development Site | 5,000 SF Lot | 50' × 100' | C4-4L / R7A-Equivalent Zoning
Presenting 1086 Myrtle Avenue, a highly strategic development opportunity in the heart of Brooklyn's rapidly evolving Bedford-Stuyvesant neighborhood.
The property occupies a 50-foot-wide by 100-foot-deep lot totaling approximately 5,000 square feet, currently improved by an existing approximately 50' × 100' building. The site is located within a C4-4L zoning district, with R7A-equivalent residential development potential, offering developers and investors an opportunity to reposition or redevelop the property in one of Brooklyn's most active corridors.
Property Highlights
Address: 1086 Myrtle Avenue, Brooklyn, NY 11206
Lot Size: 50' × 100' — approximately 5,000 SF
Existing Building: Approximately 50' × 100'
Zoning: C4-4L / R7A-equivalent
Property Type: Development / Mixed-Use Opportunity
Neighborhood: Bedford-Stuyvesant
Tax Lot: Block 1586, Lot 6
Transit: Steps from the Myrtle Avenue J/M/Z subway station
Frontage: Approximately 50 feet on Myrtle Avenue
Development Potential
The property's C4-4L / R7A-equivalent zoning creates an attractive platform for a new mixed-use or residential development, subject to applicable zoning regulations, bulk requirements, approvals, and Department of Buildings review.
With a 5,000 SF development footprint and 50 feet of frontage, the site is particularly well suited for developers seeking a meaningful Brooklyn infill opportunity with strong residential and commercial demand.
Potential uses may include residential, community facility, retail, and mixed-use development, subject to zoning and required approvals.
Listing Agent
5 Boro Realty Corp Brokerage Phone: 646-821-0414 License #10401332996 Listed on: 09/14/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $82,507
Year Built
- Built in 1917
Home Design
- Duplex
Schools
- Brooklyn Arbor Elementary School
- Brooklyn Prep High Middle School
- Brooklyn Prep High School
Additional Features
- 15 Bedrooms
- Crawl Space
- 5,000 Sq Ft Lot
- Multiple cooling system units
Community Details
- 10 Units
Listing and Financial Details
- Assessor Parcel Number 01586-0006
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $81,209 | $937,800 | $72,000 | $865,800 |
| 2025 | $71,652 | $889,650 | $72,000 | $817,650 |
| 2024 | $71,652 | $899,100 | $72,000 | $827,100 |
| 2023 | $62,838 | $915,300 | $72,000 | $843,300 |
| 2022 | $56,906 | $856,800 | $72,000 | $784,800 |
| 2021 | $41,338 | $386,550 | $72,000 | $314,550 |
| 2020 | $22,842 | $499,050 | $72,000 | $427,050 |
| 2019 | $41,433 | $468,000 | $72,000 | $396,000 |
| 2018 | $39,288 | $435,150 | $72,000 | $363,150 |
| 2017 | $28,246 | $268,650 | $33,750 | $234,900 |
| 2016 | $26,485 | $268,650 | $33,750 | $234,900 |
| 2015 | $12,266 | $282,150 | $33,750 | $248,400 |
| 2014 | $12,266 | $283,950 | $33,750 | $250,200 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2026 09/16/26 | Price Changed | $5,600,000 | -3.4% | $560 / Sq Ft |
| 09/14/2026 09/14/26 | For Sale | $5,800,000 | -- | $580 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $4,500,000 | -- | |
| Deed | $950,000 | -- | |
| Deed | $925,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $490,722 | Commercial | |
| Previous Owner | $600,000 | Commercial | |
| Closed | $250,000 | Commercial |
Source: OneKey® MLS
MLS Number: 1050736
APN: 01586-0006
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Based on information submitted to the MLS GRID
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