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%