703 Myrtle Avenue, Brooklyn
Vacant land · Block 1735, Lot 39.
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.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jun 18, 2025: $10,800,000
Open-market sales since 2016, from the Department of Finance’s sales files.
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…