# 501 Myrtle Avenue, Brooklyn

Condominium · 10 units · built 1999 · Block 1892, Lot 7504.

On Umarelli: https://umarelli.org/nyc/3018927504/501-myrtle-avenue

More construction in Clinton Hill: https://umarelli.org/nyc/brooklyn/clinton-hill.md

Every lot on block 1892: https://umarelli.org/nyc/brooklyn/1892.md

## Building permits

- Alteration, filed May 17, 2023, estimated cost $2K, described as “Install exterior illuminated wall sign (overgreens)”
- Alteration, filed Mar 15, 2023, estimated cost $50K, described as “Tenant fit out work such as install ADA Complying bathroom, counter top, cabinets on existing retail space as a sandwich store. No change in use, egress and occupancy.”
- Alteration, filed Jul 23, 2019, estimated cost $8K, described as “Proposed installation of pipe scaffold for remedial repairs as per plans. No change in use occupancy or egress under this application.”
- Alteration, filed Jul 18, 2018, described as “Installation of heavy duty sidewalk shed as per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $1,731,149
- 2026–27 tax: $166,369
- Market value (city estimate): $3,846,999
- Taxable value: $1,652,222
- Assessed land: $137,700
- Assessed improvements: $1,593,449
- Condo units with their own tax lots: 11

## Tax breaks

- Co-op and condo abatement, with no end date, a $23,465 credit this tax year.

## Zoning

R7A: floor area ratio 3.51 built, 4.00 allowed by base zoning.

## Recent sales

- Nov 6, 2025: $612,500, Apt 4B
- Oct 30, 2024: $600,000, Apt R101
- Oct 30, 2024: $490,000, Apt 4B
- Sep 16, 2024: $616,041, Apt 4A
- Aug 29, 2024: $610,000, Apt 3B
- Jun 27, 2024: $575,311, Apt 2A
- May 31, 2024: $645,000, Apt 4C
- May 30, 2024: $625,000, Apt 3C
- May 23, 2024: $990,000, Apt 5B
- May 20, 2024: $610,950, Apt 2B

The 10 most recent of 12 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

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

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