181 Irving Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11237- Bushwick
$2,957,108 USD
917-513-3600
181 Irving Ave, Brooklyn, NY for Sale
$2,957,108 USD
Storefront Retail/Residential - FOR SALE
1/32
null | 5.88% Cap Rate

NEW


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 - 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 for sale at a 5.88% capitalization rate. The High Net Operating income of $173,878 is ideal for a 1031 exchange. The 3 story brick building is fully occupied. The building and all 6 units are in great condition. There are 4 modern residential (1 bedroom) apartments with new plumbing, electric, and wood floors above 2 commercial ground level storefronts. The modern, clean, finished basement with tiles 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, and close proximity to Wyckoff Heights Hospital, Myrtle Avenue, and Kinickboker Ave. The building itself houses two popular community destinations: Bushwick Bark and Werkshop Coffee Co.

FOR SALE DETAILS

PRICE

$2,957,108 USD

PRICE/SF

$607 USD /SF

CAP RATE

5.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

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 GiaramitaOxford Property GroupMore Info
917-513-3600

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Maryann GiaramitaOxford Property GroupMore Info
917-513-3600

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