--- title: "471-481 MYRTLE Avenue, New York City, NY 11205" description: "471-481 MYRTLE Avenue, New York City, NY 11205 — Clinton Hill, New York City, NY. Listing Price $18,500,000. 10 bed, 12 bath Illustrative Buyer Commission Share of $277,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11205/471-481-myrtle-avenue-ny-11205" source: "Real Estate Rebate Team" status: "Active" --- # 471-481 MYRTLE Avenue, New York City, NY 11205 Clinton Hill, New York City, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $18,500,000 - **Beds**: 10 - **Total Baths**: 12 - **Monthly Taxes**: $4,469 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $18,500,000 - **Illustrative Buyer Commission Share**: -$277,500* - **Illustrative Net Cost**: $18,222,500 *Illustrative Buyer Savings of $277,500 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (4) ![471-481 MYRTLE Avenue, New York City, NY 11205 — photo 1 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a8208d84-042d-4fee-9ea5-d29659f78664.jpg) ![471-481 MYRTLE Avenue, New York City, NY 11205 — photo 2 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a12f228a-a9f2-4c77-9f05-d7dfbf6b3ef8.jpg) ![471-481 MYRTLE Avenue, New York City, NY 11205 — photo 3 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/602dbad7-31ab-4436-9c7b-d89667b8f903.jpg) ![471-481 MYRTLE Avenue, New York City, NY 11205 — photo 4 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5da7ba04-26b5-48a7-b7d7-3854d24e6a7c.jpg) ## Property Overview Douglas Elliman, as exclusive agent, is thrilled to offer for sale an INCREDIBLE DEVELOPMENT OPPORTUNITY; In offering the assemblage of 471, 473, 475-477, 479 and 481 Myrtle Avenue, Clinton Hill Brooklyn. These Five buildings represent a large contiguous offering (all same ownership) to develop a singular 9 story property along Myrtle Avenue cornering on Hall Street in the prime Clinton Hill neighborhood of Brooklyn. This presents a development opportunity to construct a 9-story mixed use of approximately 60,000 +/- Gross SF property (including cellar) of residential with ground floor retail space. The Property is located within one block of Pratt Institute. This is a rare opportunity to develop a newly constructed mixed-use property to high standards. The property is partially tenanted with residential and retail space. There is current reoccurring income until development plans are in place. Setup available upon request. ## Property Details - **Property Type**: Mixed Use - **Beds**: 10 - **Total Baths**: 12 - **Rooms**: 20 - **Stories**: 1 - **Monthly Taxes**: $4,469 / mo - **Listed On**: Aug 15, 2025 - **Days on Market**: 393 Days ### Residence Features - In Unit - Assigned - Garage - Private Outdoor Space Over 60 Sqft - Smoke Free ### Building Amenities - Assigned - Garage ## Property Tax History Taxes at 471-481 MYRTLE Avenue were $4,798 in 2026, up 1.6% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $128,160 | $8,760 | $119,400 | $23,887 | $4,798 | 20.085% (estimated) | | 2025 (FY 2025/26) | $113,520 | $8,760 | $104,760 | $23,514 | $4,723 | 20.085% (estimated) | | 2024 (FY 2024/25) | $108,360 | $8,760 | $99,600 | $22,363 | $4,492 | 20.085% | | 2023 (FY 2023/24) | $100,680 | $8,760 | $91,920 | $21,100 | $4,238 | 20.085% | | 2022 (FY 2022/23) | $79,020 | $8,760 | $70,260 | $19,906 | $4,043 | 20.309% | | 2021 (FY 2021/22) | $74,460 | $8,760 | $65,700 | $19,906 | $3,974 | 19.963% | | 2020 (FY 2020/21) | $49,140 | $8,760 | $40,380 | $19,595 | $4,124 | 21.045% | | 2019 (FY 2019/20) | $42,720 | $8,760 | $33,960 | $18,636 | $3,945 | 21.167% | | 2018 (FY 2018/19) | $17,583 | — | — | $17,583 | $3,678 | 20.919% | | 2017 (FY 2017/18) | $16,588 | — | — | $16,588 | $3,381 | 20.385% | | 2016 (FY 2016/17) | $16,588 | — | — | $16,588 | $3,316 | 19.991% | | 2015 (FY 2015/16) | $16,329 | — | — | $16,329 | $3,193 | 19.554% | | 2014 (FY 2014/15) | $15,530 | — | — | $15,530 | $2,975 | 19.157% | | 2013 (FY 2013/14) | $14,653 | — | — | $14,653 | $2,812 | 19.191% | | 2012 (FY 2012/13) | $13,824 | — | — | $13,824 | $2,567 | 18.569% | | 2011 (FY 2011/12) | $13,824 | — | — | $13,824 | $2,517 | 18.205% | | 2010 (FY 2010/11) | $13,608 | — | — | $13,608 | $2,363 | 17.364% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3018900090. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 471-481 MYRTLE Avenue Clinton Hill · Mixed Use 471-481 MYRTLE Avenue, Brooklyn, NY 11205 A building in Clinton Hill, currently featuring 1 active listing. - **Total Units**: 1 - **Floors**: 1 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/471-481-myrtle-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11205/471-481-myrtle-avenue-ny-11205) | 10 | 8 | — | — | $18,500,000 | Douglas Elliman Real Estate | Aug 15, 2025 | 393 days | ## Estimated Monthly Payment **$98,015 / month**, assuming a 20% down payment ($3,700,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $93,546 - **Property Taxes**: $4,469 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Clinton Hill Overview of Clinton Hill [Explore Clinton Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/clinton-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Clinton Hill - [Fort Greene real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/fort-greene) - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Navy Yard real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/navy-yard) - [Boerum Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill) - [Downtown Brooklyn real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/downtown-brooklyn) - [Vinegar Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/vinegar-hill) ## Related Links - [471-481 MYRTLE Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/471-481-myrtle-avenue) - [Clinton Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/clinton-hill) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.