525 Myrtle Avenue
525 Myrtle Avenue, Brooklyn, NY 11205
Clinton Hill, Brooklyn
BBL 3018937505 · BIN 3421882
- Year built
- 2017
- Type
- Condominium
- Units
- 22
- Floors
- 7
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Doorman (hours not stated)
Every recorded sale at this building, 2017–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,223
- 1 sale
- Listing discount
- 0.0%
- Recorded sales
- 26
- On record
- 2017–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 525 Myrtle Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
The key fact at 525 Myrtle Avenue is the tax bill. Every residence carries a 15-year 421-a exemption with benefit years beginning in 2019. On the 2026/27 roll, it shelters about nine-tenths of each unit's assessed value. That makes the bill low now, and it is scheduled to rise. Anyone who plans to hold past the early 2030s is buying a carrying cost that will go up, and it should be modeled from the start.
The second fact is scale. There are twenty-two residences, and most are between about 520 and 810 square feet. That makes this one of the smaller-format new condominiums in Clinton Hill. It trades as an entry point into post-2015 construction near Pratt, and it competes with the larger Fulton Street and Myrtle Avenue buildings mainly on price per square foot.
The third is the recorded transfer history. The declaration was recorded in October 2017, and the sponsor closed nineteen apartments between early November and late December of that year. It sold the last residence in May 2018 and sold the commercial units that spring. ACRIS shows the building as a resale market since then, with separately named residential titleholders; confirm beneficial ownership, current sponsor holdings and retained rights independently.
Architecture and unit composition
The building is a seven-story mid-block structure on a 50-by-100-foot lot. It has retail at grade on Myrtle Avenue and five floors of four apartments above. The two seventh-floor units are the largest and the only ones set apart from the typical stack. DOF gross areas, by line, are about 810 or 730 square feet in the 01 line, 570 to 650 in the 02 line, about 620 in the 03 line, and about 520 in the 04 line. The larger apartments are on the seventh floor.
The architect of record on the Department of Buildings filing is Gerald Caliendo, RA. No architectural press coverage of the design was found. Finish specifications, outdoor space and amenities are not documented in the city records reviewed, so confirm them against the offering plan and a current listing before relying on them.
A note on the neighbor. The adjacent building at 531 Myrtle Avenue went up at the same time and is also a condominium on paper. It is a separate regime, and a single owner holds its residential unit as a rental. It is not part of the Clinton House Condominium, and its sales do not belong in a 525 Myrtle comparable set.
Building operations
At seven stories, the building exceeds six stories and falls under the city's Façade Inspection and Safety Program (Local Law 11). Ask the managing agent where the building is in its current inspection cycle. Because the ground floor is commercial and separately owned, ask how common charges are split between the residential and commercial units, and who maintains the storefront and the sidewalk.
No audited financial statements or budgets are on file in The Roebling Research Library. Before contract, ask for the last two years of audited statements, the reserve balance, any assessment history, and the insurance and elevator service contracts.
The tax exemption, in detail
Program and term. Department of Finance code 5118, a 15-year 421-a exemption with a cap. Base year 2014, benefit years beginning 2019, per DOF exemption records. The exemption applies to all 22 residential unit lots. The three commercial units pay full taxes.
Where it stands. On the 2026/27 roll, about 91 percent of a typical residence's assessed value is exempt. The taxable remainder mostly reflects the lot's pre-construction value.
What happens next. Under the standard 15-year 421-a schedule, the exemption holds at full value for eleven years and then phases out over the last four. On this building's dates, that points to step-downs beginning around 2030 and full taxation after about 2033/34. Confirm the exact phase-down years for the specific unit from its Department of Finance Notice of Property Value.
Why it matters. The fully taxed bill will be many times the current one. Run the True Monthly Carrying Cost Calculator twice, once on the current bill and once on an estimated unabated bill.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $181 per room a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Doorman (hours not stated)Source: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
525 Myrtle Avenue trades as late-2010s Clinton Hill new construction, priced per square foot against the post-2015 condominiums on Myrtle Avenue, Fulton Street and the Pratt blocks rather than the neighborhood's prewar co-ops. With twenty-two small units, it records only a few sales a year. That makes any single-year median unreliable, and a sale on the seventh floor moves the average much more than a sale in the typical stack.
Three things account for most of the price spread: floor height, since the seventh-floor units are larger and set apart; line, since the 01 line is roughly 40 to 55 percent larger than the 04 line; and the years left on the exemption, which buyers price in. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 18, 2026 | 701 | 2 BR · 2 BA · 1,173 sf | $1,435,000 | $1,223/sf | -4.3% |
| May 14, 2025 | 201 | 2 BR · 2 BA · 808 sf | $1,050,000 | $1,300/sf | -4.5% |
| May 31, 2018 | 202Sponsor Sale | 1 BR · 567 sf | $600,768 | $1,060/sf | +2.0% |
| Apr 11, 2018 | 501Sponsor Sale | 726 sf | $733,140 | $1,010/sf | — |
| Mar 8, 2018 | 203Sponsor Sale | 1 BR · 620 sf | $672,045 | $1,084/sf | +4.2% |
| Dec 20, 2017 | 301Sponsor Sale | 808 sf | $827,000 | $1,024/sf | — |
| Dec 20, 2017 | 404Sponsor Sale | 1 BR · 1 BA · 523 sf | $565,128 | $1,081/sf | — |
| Dec 18, 2017 | 204Sponsor Sale | 522 sf | $554,946 | $1,063/sf | — |
Market read. Most recent trades (2026 to date) cleared a median $1,223/sf (recorded) across 1 sale. Median listing discount 0.0% from the last ask.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01893-7505; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 525 Myrtle Avenue and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Underwrite the step-down, not today's bill. The exemption is the largest single variable in carrying cost here. Price the apartment on what it will cost to hold after the early 2030s.
Get the documents the library does not have. Ask for the offering plan and its amendments, the by-laws, the last two audits and the current budget. They will show the leasing rules, any right of first refusal and how costs are shared with the retail units.
Check the retail tenancy. Ground-floor retail affects noise, ventilation, deliveries and insurance. Ask what the commercial units are used for and what the declaration allows.
What to know if you’re selling
Put the tax schedule in the package. A buyer's attorney will find the 421-a end date anyway. Show the current bill and the step-down years up front.
Price against the right comparables. The building next door is a rental and not a comparable. Compare against condominiums of similar vintage and size in Clinton Hill and Fort Greene.
Comparable buildings
If you're considering 525 Myrtle Avenue, also evaluate:
- The Absolute (111 Steuben Street) — 35-unit 2009 condominium near Myrtle Avenue, one block over, whose 15-year 421-a has already fully expired
- 500 Waverly Avenue — 48-unit 2017 Clinton Hill condominium with a 25-year 421-a and inclusionary units
- 450 Grand Avenue — 39-unit 2023 condominium at Fulton Street with no exemption
- 532 Clinton Avenue — 14-unit Clinton Hill condominium with no 421-a
- 87 Irving Place — 25-unit Clinton Hill condominium delivered in 2024
- 10 Quincy Street — 46-unit loft conversion in Clinton Hill with no exemption
- 144 Vanderbilt Avenue — 26-unit Fort Greene condominium with no exemption
- Clermont Greene (181 Clermont Avenue) — 74-unit Fort Greene condominium whose 15-year 421-a has run out, showing what happens to carrying costs after expiration
More Clinton Hill buildings
- 500 Waverly Avenue (Waverly Brooklyn) — 2017 condominium
- 503 Clinton Avenue — 1930 condominium
- 516 Classon Avenue — 2014 condominium
- 531 Vanderbilt Avenue — 2014 condominium
- 532 Clinton Avenue — 2017 condominium
- 545 Washington Avenue (Isabella) — 2009 condominium by Stephen B. Jacobs Group
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Clinton Hill.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 525 Myrtle Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com