1086 Myrtle Avenue
1086 Myrtle Avenue is a three-story, 10,000 SF office building on a 5,000 SF lot in Bedford-Stuyvesant, Brooklyn, offered for $6,000,000 ($239/SF). Built in 1917 and altered in 2014, the property is zoned C4-4L and presents significant development upside as a vacant, ready-to-develop site on one of Bed-Stuy's primary commercial corridors.
The site permits 20,000 SF of as-of-right development at 4.0 FAR with heights up to 80 feet. Through the Universal Affordability Preference bonus, a developer can unlock up to 25,050 SF at 5.01 FAR with heights reaching 90 feet, with flexibility to satisfy the bonus through on-site affordable units or Inclusionary Housing Certificates. The C4-4L zoning allows residential, commercial, and community facility uses, enabling a range of development programs from mixed-use to fully commercial or community-driven projects. The existing building consumes 2.0 FAR, leaving approximately 10,000 SF of unused air rights as-of-right and up to 15,050 SF with the UAP bonus.
Located on Myrtle Avenue between Throop and Tompkins Avenues, the property sits in the heart of Bedford-Stuyvesant's most dynamic residential submarket. The neighborhood is anchored by historic brownstone-lined streets, a vibrant dining and retail scene spanning Caribbean, African American, Latin American, and contemporary cuisines, and a strong cultural legacy as a center of Black entrepreneurship, music, and civic leadership. The area attracts consistent demand from both market-rate and affordable housing developers drawn to its scale, zoning flexibility, and deep renter base. Transit access is exceptional: the J, M, and Z trains at Myrtle-Broadway and the G train at Flushing Avenue are within walking distance, with multiple bus routes along Myrtle Avenue. Commuters can reach Midtown Manhattan in under 30 minutes. Nearby amenities include Herbert Von King Park, Pratt Institute, Fort Greene Park, and Prospect Park.
- 20,000 SF as-of-right development potential at 4.0 FAR; up to 25,050 SF with UAP bonus at 5.01 FAR
- Building heights up to 80 feet as-of-right, 90 feet with Inclusionary Housing
- Zoning flexibility permits residential, commercial, and community facility uses
- Exceptional transit access: J, M, Z trains at Myrtle-Broadway; G train at Flushing Avenue; under 30 minutes to Midtown Manhattan
- Located on primary commercial corridor in one of Brooklyn's fastest-growing residential submarkets
More property details
Features & amenities
Location
1086 Myrtle Avenue is situated on the north side of Myrtle Avenue between Throop Avenue and Tompkins Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn. The site is located on Myrtle Avenue, one of Bed-Stuy's primary commercial corridors, surrounded by a dense mix of residential, retail, and community facility uses. The neighborhood is celebrated for its iconic brownstone-lined streets, architectural heritage, and vibrant community.
- Excellent transit access with J, M, Z trains at Myrtle-Broadway and G train at Flushing Avenue. Multiple bus routes along Myrtle Avenue. Commuters can reach Midtown Manhattan in under 30 minutes. Located on primary commercial corridor with active retail and dining scene.
Additional details
Three-story, 10,000 square foot office building situated on a 5,000 square foot lot. Built in 1917 and altered in 2014.
Significant development upside with ability to build up to 20,000 square feet as of right, or up to 25,050 square feet utilizing the Universal Affordability Preference bonus
Historic and culturally influential neighborhood with iconic brownstone-lined streets, architectural heritage, vibrant community, strong sense of identity and neighborhood pride
Fulton Street, Nostrand Avenue, Malcolm X Boulevard, Tompkins Avenue, Myrtle Avenue
Center of Black culture, entrepreneurship, music, and civic leadership with historic churches, community institutions, and landmark architecture
Eclectic mix of neighborhood favorites, emerging restaurants, independent cafés with Caribbean, African American, Latin American, and contemporary cuisines
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