1123 Myrtle Avenue, Brooklyn
Commercial · built c. 1931 · Block 1584, Lot 39.
Building permits
- New Building, filed Sep 8, 2026, 1 story, described as “Proposed one (1) story Community Facility building.”
- New Building — Large Residential, filed Jan 27, 2026, 77 units, 8 stories, described as “Eight [8] story + cellar mixed use building.”
- Demolition, filed Jan 30, 2026, estimated cost $10K, described as “Full demolition application of a 1-story brick and steel with wood frame building.”
- Alteration, filed Nov 3, 2021, estimated cost $76K, described as “Installation of new refrigeration system, modifications of interior existing HVAC”
- Alteration, filed Jul 26, 2021, estimated cost $105K, described as “Cap and remove fixtures and piping, new fixtures and piping”
- Alteration, filed Jul 9, 2021, estimated cost $10K, described as “Modification to the existing sprinkler system.”
- Alteration, filed Jun 30, 2021, estimated cost $695K, described as “Interior renovation of exiting commercial space, new non-load-bearing partitions, new floor ceiling, wall finishes.”
Property taxes
- Assessment
- $5,998,500
- 2026–27 tax
- $507,414
- Market value (city estimate)
- $13,330,000
- Taxable value
- $4,677,490
- Assessed land
- $281,250
- Assessed improvements
- $5,717,250
Zoning
C4-4L: floor area ratio 1.00 built, 4.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 27, 2026: $35,500,000, 25,000 sq ft, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Myrtle Ave / Lewis Ave Rezoning (City Planning 2020K0310): Completed, decided May 5, 2022. A zoning map amendment from C4-4L to R7D/C2-4 and a zoning text amendment to create a new Mandatory Inclusionary Housing Area (ZR Appendix F) to facilitate a new 10-story mixed-use building, 149,100 zsf residential and 18,900 zsf of ground…
In the news
Permits Filed for 1123 Myrtle Avenue in Bed-Stuy, Brooklyn, New York YIMBY, May 15, 2026.