1524 Myrtle Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11237- Bushwick
$2,900,000 USD
646-373-7944
1524 Myrtle Ave, Brooklyn, NY for Sale
$2,900,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 8.02% Cap Rate

NEW


1524 Myrtle Ave
Brooklyn, NY 11237
Bushwick


OVERVIEW

Two buildings on one lot Total Size: 4,180 SF (3,520SF Myrtle + 660 SF Gates) Unit Mix: 3 Apartments, 1 Store, 2 Garages Apartment 1: 2 Bed / 1 Bath – Washer/Dryer in unit Apartment 2: 2 Bed / 1 Bath – Washer/Dryer in unit Apartment 3: Studio Apartments feature hardwood floors, exposed brick, and quality finishes Two on-site garages, a scarce and highly valued amenity in the neighborhood Prime location near Myrtle-Wyckoff Subway Station (L & M lines) Commercial tenant pays 55% of expenses, with 3% annual rental increases Mixed-use configuration provides diversified and stable income Perfect for a 1031 buyer who wants passive income. Positioned for secure cash flow with upside potential. Experienced management team ready to handle all operations from day one Actual cap rate with projected vacant rents: 8.02%

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$879 USD /SF

CAP RATE

8.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R6, C2-3

APN/PARCEL ID

03336-0017

ASK ABOUT THIS PROPERTY

Daniel BarcelowskyEvergreen Realty & InvestmentsMore Info
646-373-7944

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Daniel BarcelowskyEvergreen Realty & InvestmentsMore Info
646-373-7944

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