Myrtle Avenue Condominium
501 Myrtle Avenue, Brooklyn, NY 11205
Overview
Myrtle Avenue is a 10-unit condo in Brooklyn, with 2 commercial units.
- Offering plan: Accepted September 2023 · 273 pages · floor plans on page 28
- Finishes: 10-foot ceilings, wood floors, quartz kitchen countertops, high gloss lacquer cabinets, Haier and Frigidaire appliances, Delta bathroom fittings and split-system units for heating and cooling
- Prices: $1,244 a square foot on average, as first offered; $9.04 million in all ($8.76 million when first offered)
- Common charges: $379–$899 a month, the sponsor's first-year estimate
- Sponsor: 501 Myrtle Avenue LLC, represented by Thomas E. Berinato, Attorney At Law; principals Lee Fong Fung and Phybe Ren
- Neighborhood: Clinton Hill, Brooklyn
- Subway: 9-minute walk to Clinton-Washington Avs (G); 12 minutes to Classon Av (G)
- Amendments: 2, the latest in February 2024
- Units
- 10 residential · 2 commercial
- Neighborhood
- Clinton Hill, Brooklyn
- Subway
- 9 min walk to Clinton-Washington Avs GClasson Av G, 12 min
- Principals
- Lee Fong Fung, Phybe Ren
- Average $/sf
- $1,244Homes in Schedule A, as first offered
- Common charges
- $379–$899 a monthSponsor's first-year estimate in Schedule A, From January 1, 2024 to December 31, 2024
- Offering price
- $9.04 million total $8.76 million when first offered
- Floor plans
- Page 28 of the plan
- SubmittedDecember 2023
- AcceptedSeptember 2023
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jan 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 10 homes.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Feb 6, 2024
Plan declared effective after sponsor accepted purchase agreements for 3 of 11 units (27.27%).
- Offering plan declared effective as of February 6, 2024
- Sponsor accepted 3 purchase agreements out of 11 total units (27.27%)
- Plan originally accepted for filing by Department of Law on September 28, 2023
Amendment 1 October 2023
Amendment adds appliances to units, changes closing agent to Sergey Mekhtiyev, and increases closing costs.
- All residential units equipped with dishwasher (Frigidaire 14"-24" model)
- Units on floors 2-5 equipped with washer/dryer (LG Model # WEKX200HWA)
- Closing and escrow agent changed to Sergey Mekhtiyev, Esq., Mekhtiyev Law Firm, P.C., 110 West 40th Street, Suite 2302, New York, NY 10018
- New escrow agreement attached as Exhibit A
- $2,500 fee added per purchaser for preparation of Condominium Offering Plan
- Sponsor's attorney fee increased to $2,000
Team
- Sponsor
- 501 Myrtle Avenue LLC
- Principals
- Lee Fong Fung, Phybe Ren
- Tax estimate
- Thomas E. BerinatoPrepared the first-year real estate tax projection
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Clinton House Condominiumnext door · 22 units · 2017
- Clinton Lofts Condo / F/K/A Retro Condonext door · 16 units · 2007
- 111 Steuben Street Condominium0.1 mi · 35 units · 34 parking · 2007
- 166 Washington Avenue Condominium0.1 mi · 7 units · 2025
- 162 Washington Avenue Condominium0.1 mi · 4 units · 2018
- 66 Steuben Street Condominium0.1 mi · 6 units · 2020
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