620 Myrtle Ave Buyer Files 8-Story Job 114 Days After $5M Deed
The seller paid $3.1M in 2019. The buyer borrowed $4M against the $5M price and filed to go from 3 stories to 8.
Myrtle Kent Development LLC paid $5 million for 620 Myrtle Avenue in Brooklyn on June 3, then filed to take the building from 3 stories to 8 on Sept. 25, 114 days later, per ACRIS and the Department of Buildings.
Why it matters
The site sits on the Clinton Hill and Bedford-Stuyvesant edge. The Sept. 25 filing is a DOB NOW ALT-CO (job B01465248-I1) that replaces 4 existing dwelling units with 8 and lists an initial cost of $1,358,560. It was still waiting for a plan examiner as of this report. Because it is an 8-story job, DOB routes it to its Development Hub unit. The seller, 620 Myrtle Avenue, LLC, had held the lot since November 2019. Developers who track Brooklyn corridor assemblages can use the 114-day gap as a benchmark for how fast a new owner moved from closing to a filing. We could not find a named company behind the buyer LLC; the filing lists an owner individual and a filing representative, and we are not naming either.
The numbers
The deed is dated June 3 and was recorded June 23 at $5,000,000. The seller bought the same lot for $3,100,000 on Nov. 14, 2019, so the sale was $1.9 million, or 61%, above that price. The buyer signed a $4,000,000 loan agreement with Levon NY MCXXVI LLC the same day, equal to 80% of the price. The DOB filing proposes 8 units on 8 stories from 4 units on 3 stories, so the price works out to $625,000 per proposed unit before construction. That figure is our math, not a number in either record.
What’s next
Watch for a plan examiner assignment and the first approval or objection on job B01465248-I1, and for a demolition or foundation permit. The record does not say whether the existing building stays in place or is replaced, so the ALT-CO label alone does not settle that. For other Brooklyn sites in the same position, see our New York market page.
On the record
What we checked ourselves, and where you can check it too.
- Public recordACRIS deed 2026061100623004 is dated June 3, 2026 and recorded June 23, 2026. It conveys Brooklyn block 1912, lot 21 (620 Myrtle Avenue) from 620 Myrtle Avenue, LLC to Myrtle Kent Development LLC (listed at 133 Hewes Street) for $5,000,000. The seller bought the same lot on Nov. 14, 2019 for $3,100,000 (ACRIS 2019112100231001), a $1.9M, 61% gain over 6 years 6 months.View the record on a836-acris.nyc.gov
- Public recordThe buyer's financing was recorded the same day as the deed: a $4,000,000 agreement (2026061100623006) and a $557,200.17 mortgage (2026061100623005) with Levon NY MCXXVI LLC, preceded by Valley National Bank assigning the seller's existing loan to Levon on June 2 (2026061100623003). $4M is 80% of the $5M price.View the record on a836-acris.nyc.gov
- Public recordDOB NOW job B01465248-I1 was filed Sept. 25, 2026 as an ALT-CO (New Building with Existing Elements to Remain) at 620 Myrtle Avenue: existing 3 stories and 4 dwelling units, proposed 8 stories and 8 units, initial cost $1,358,560, status Pending Plan Examiner Assignment. June 3 to Sept. 25 is 114 days (94 days from the June 23 recording). The filing does not name Myrtle Kent Development LLC as owner; we matched it by block and lot.View the record on data.cityofnewyork.us
Sources
- NYC ACRIS, deed document 2026061100623004Deed dated June 3, 2026, 620 Myrtle Avenue, LLC to Myrtle Kent Development LLC, amount $5,000,000
- NYC ACRIS, consolidation agreement 2026061100623006Agreement, June 3, 2026, Myrtle Kent Development LLC and Levon NY MCXXVI LLC, amount $4,000,000
- NYC ACRIS, deed document 2019112100231001Deed dated Nov. 14, 2019, Robert Bravo and Fred G. Daniels to 620 Myrtle Avenue LLC, amount $3,100,000
- NYC Open Data, DOB NOW Build job filing B01465248-I1ALT-CO filing, Sept. 25, 2026, 620 Myrtle Avenue, 8 stories, 8 dwelling units, initial cost $1,358,560