181 Irving Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11237- Bushwick
$2,863,850 USD
917-513-3600
181 Irving Ave, Brooklyn, NY for Sale
$2,863,850 USD
Storefront Retail/Residential - FOR SALE
1/35
null | 6.7% Cap Rate

181 Irving Ave
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • Walkers Paradise on this Primary High Traffic Avenue, which is highly sought out by major chainstores, and franchises.
  • High Capitalization Rate of 6.7% - Ideal 1031 Exchange
  • One Block from the Dekalb Ave Train Station
  • Building has Nonregulated Rent.
  • The building itself houses two popular community destinations: Bushwick Bark and Werkshop Coffee Co.
  • Due to the growing young professional population, walkers paradise this commercial location is in demand for many Franchises.

OVERVIEW

INVESTMENT PROPERTY/1031 EXCHANGE: I am pleased to present this great opportunity to purchase this well-maintained mixed use building in the heart of Bushwick offered at a 6.7% capitalization rate. The High Net Operating income of $191,878 is ideal for a 1031 exchange. This block has high pedestrian traffic with a peaceful, nice residential vibe. The 3 story brick building is fully occupied. There are (6 units) 4 modern residential (1 bedroom) apartments with new plumbing, electric, and floors above 2 commercial ground level storefronts. The modern, clean, newly tiled finished basement is great for storage. This area is characterized by populated young professionals, and rapidly diversifying population with high pedestrian activity driven by its proximity to major transit hubs and local commercial "hot spots. The storefronts are in what is described as "Bushwick's trendiest section," in huge demand by franchises due to its demographics, high visibility, and 1 block proximity to the train station, paradise walk score 100/100 , and close proximity to Wykoff Heights Hospital, Myrtle Avenue, and Knickerbocker Ave. The building itself houses two popular community destinations: Bushwick Bark and Werkshop Coffee Co. * Seller open to hear all reasonable offers.

FOR SALE DETAILS

PRICE

$2,863,850 USD

PRICE/SF

$587 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Free Market Mix Use Building - 6.7% cap rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6, Brooklyn (S4)

APN/PARCEL ID

03259-0003

ASK ABOUT THIS PROPERTY

Maryann GiaramitaFIND REAL ESTATE LLCMore Info
917-513-3600

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Maryann GiaramitaFIND REAL ESTATE LLCMore Info
917-513-3600

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