136 & 142 Irving Avenue Multi-Family FOR SALE


Brooklyn, NY - Bushwick
$4,200,000 USD
718-360-2993
, Brooklyn, NY for Sale
$4,200,000 USD
Multi-Family - FOR SALE
1/17
null | 7.4% Cap Rate

136 & 142 Irving Avenue
Brooklyn, NY
Bushwick


HIGHLIGHTS

  • 136 & 142 Irving Avenue are two contiguous 4-story mixed-use buildings located in the heart of Bushwick, Brooklyn
  • The assets total 15 residential apartments and 4 ground-floor retail stores, delivering strong in-place cash flow with clear upside in the commercial
  • The buildings sit on a high-visibility stretch of Irving Avenue with excellent foot traffic and convenient access to the L train
  • Bushwick continues to attract strong residential demand from young professionals and creatives while supporting a growing retail corridor
  • Total building area is approximately 14,000 SF, of which ±3,500 SF is ground-floor retail
  • The properties benefit from protected tax class status (Class 2b), providing meaningful insulation against sharp assessment increases

OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to sell 136 & 142 Irving Avenue are two contiguous 4-story mixed-use buildings located in the heart of Bushwick, Brooklyn. The assets total 15 residential apartments and 4 ground-floor retail stores, delivering strong in-place cash flow with clear upside in the commercial component. • 136 Irving Avenue: 8 apartments & 2 stores • 142 Irving Avenue: 7 apartments & 2 stores The buildings sit on a high-visibility stretch of Irving Avenue with excellent foot traffic and convenient access to the L train (Dekalb Avenue station) and nearby M train service. Bushwick continues to attract strong residential demand from young professionals and creatives while supporting a growing retail corridor of local shops, cafés, and service tenants. Total building area is approximately 14,000 SF, of which ±3,500 SF is ground-floor retail. The properties benefit from protected tax class status (Class 2b), providing meaningful insulation against sharp assessment increases. This is a rare opportunity to acquire a well-located, cash-flowing mixed-use package in Bushwick with both defensive characteristics (protected tax class + residential income) and clear upside in the commercial rents

ASK ABOUT THIS PROPERTY

Steve ReynoldsInvestment Property Realty GroupMore Info
718-360-2993

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Steve ReynoldsInvestment Property Realty GroupMore Info
718-360-2993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.