Snapshot of Myrtle Avenue & Beyond Avenue & Myrtle Snapshot of Snapshot of the Myrtle Avenue BID District & Beyond If you are interested in locating a space for your business on Myrtle Avenue, you may find the area demographic and selective profile below informative. After taking a look, please feel free to give us a call at (718) 230-1689. We’d love to hear from you.
The numbers below specifically reflect area demographics within the region noted by the green circle (.50 mile radius of the BID district), unless otherwise noted.
About Myrtle Avenue Myrtle Avenue is one of the primary commercial corridors for the neighborhoods of Fort Greene and Clinton Hill, Brooklyn. Our district has over 160 local businesses and was recently said to have “everything you need in a single stroll” by The New York Times. Along our district of twenty blocks we have a total of 40 public tree benches making Myrtle Avenue a vibrant pedestrian environment where anywhere from 300-500 people pass per hour. Over 136,800 residents reside within 1-mile of the center of our district.
The Avenue is also the primary commercial corridor for the Brooklyn Navy Yard, home to Steiner Studios, with over 300 tenants including 23 film studios, 10 television studios, commercial studios and 74 production companies. There are over 6,400 employees.
Institutions, Parks, Colleges & Universities The following institutions and parks are within close proximity to our district: Pratt St. Joseph’s College Fort Greene Park (over 25,000 annual visitors) NYU Poly is located at the end of the entrance to our corridor.
Brooklyn College and Pratt will are looking to open film departments and/or institutes in the near future.
About the Neighborhood The data below is based on .50 radius of the Myrtle Avenue BID commercial district.
Total Businesses: 1,542 Total Employees: 4,236 Total Residential Population: 30,000 Households: 13,203 Families: 5,484* Total College/University Population: 13,025 Average Household Size: 2.10 Median Age: 33.2 Median Household Income: $46,268 Diversity: 43% white; 36.6 black; 17.7 Latino; 6.8 Asian (based on 2012 census figures) *Please note that the 2012 census shows that there are at least 26,395 families within 1-mile radius.
2012 Households by Income Number Percent <$15,000 2,350 17.8% $15,000 - $24,999 1,210 9.2% $25,000 - $34,999 1,458 11.0% $35,000 - $49,999 1,967 14.9% $50,000 - $74,999 2,015 15.3% $75,000 - $99,999 1,373 10.4% $100,000 - $149,999 1,563 11.8% $150,000 - $199,999 796 6.0% $200,000+ 472 3.6%
About the Supply & Demand Through prior retail surveys and anecdotal comments from neighborhood residents some business categories that we would love to see on Myrtle Avenue are: Ice Cream /Frozen Yogurt, Gyms, Kid-friendly Businesses, Clothing, and Butcher.
Supply (retail potential) & Demand (retail sales) estimates within the district (.50 radius) below are in current dollars:
Clothing Stores: $19,949,180 - Demand $5,699,397 - Supply
Shoe Stores: $3,564,095 - Demand $151,261 - Supply
Sporting Goods: $7,042,544 - Demand $3,750,405 - Supply We have additional information regarding supply & demand for those interested in opening a business on Myrtle Avenue. Please do not hesitate to reach out to us at (718) 230-1689.
Traffic Myrtle Avenue is one of the major East/West arteries in Fort Greene and Clinton Hill. Average daily volume on the Avenue itself ranges from 12,000 to 16,000 motor vehicles per day. Myrtle Avenue is also intersected by busy streets such as Navy Street, Vanderbilt Avenue, Washington Avenue, and Classon Avenue. Nearly 100,000 vehicles per day pass by on the Brooklyn Queens Expressway, which is one block north. Metered parking covers all of the commercial portions of Myrtle Avenue and the corridor is served directly by the B54 bus and crossed by the B69 and B48. Nearly 4,000 riders board the B54 within the district each day, with 4,400 riders disembarking. Myrtle Avenue is intersected by major North/South bike lanes on Navy Street and Vanderbilt Avenue.