# 703 Myrtle Avenue, Brooklyn

Vacant land · Block 1735, Lot 39.

On Umarelli: https://umarelli.org/nyc/3017350039/701-myrtle-avenue

More construction in Bedford-Stuyvesant: https://umarelli.org/nyc/brooklyn/bedford-stuyvesant.md

## Building permits

- New Building — Mid-Rise, filed Aug 27, 2025, 38 units, 10 stories, described as “(please assign to dev hub.) proposing new 10 story residential building.”
- Alteration, filed Aug 11, 2026, estimated cost $6K, described as “Installation of temporary personnel material hoist as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 29, 2026, estimated cost $6K, described as “Installation of temporary needle beam as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 28, 2026, described as “Installation of temporary pipe & system scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 27, 2026, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 27, 2026, estimated cost $4K, described as “Installation of temporary overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 30, 2025, estimated cost $3K, described as “Installation of 8' construction fence”
- Demolition, filed Mar 12, 2025, estimated cost $15K, described as “Full Demolition of Existing one story Building”
- Demolition, filed Mar 12, 2025, estimated cost $15K, described as “Full Demolition of One Story Building.”

## Property taxes

- Assessment: $356,850
- 2026–27 tax: $27,103
- Market value (city estimate): $793,000
- Taxable value: $249,840
- Assessed land: $356,850

## Zoning

R7D (part of the lot is M1-1): floor area ratio 0.00 built, 4.66 allowed by base zoning.

## Recent sales

- Jun 18, 2025: $10,800,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Board and land use applications

- 703 Myrtle Ave Rezoning (City Planning 2020K0485): Zoning map change, Zoning text change, Completed, filed Jun 14, 2022, decided Nov 2, 2023. A zoning map amendment from M1-1 to R7D/C2-4 and a zoning text amendment to create a new Mandatory Inclusionary Housing Area (ZR Appendix F) to facilitate a new 8-story mixed-use building, approximately 43,755 sf residential and 4,469 sf…

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology