195 Wyckoff Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11237- Bushwick
$3,000,000 USD
718-768-6888
195 Wyckoff Ave, Brooklyn, NY for Sale
$3,000,000 USD
Storefront Retail/Residential - FOR SALE
1/1
null | Request Cap Rate

195 Wyckoff Ave
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • Offered at a 6.8% Capitalization Rate
  • Gut Renovated Throughout
  • Four Free-Market Residential Units
  • High Quality Finishes
  • All Units Separately Metered
  • Recently Renovated Retail Space Featuring a Brand-New Diner Concept

OVERVIEW

TerraCRG is pleased to exclusively represent ownership in the sale of 195 Wyckoff Avenue, a fully renovated five-unit mixed-use investment property located in the heart of Bushwick on Wyckoff Avenue between Himrod Street and Harman Street. The three-story plus cellar building comprises approximately 4,275 square feet and features four free-market residential apartments and one ground-floor retail space. The retail space will be occupied by Monday Diner, a new concept from a James Beard nominated chef, slated to open this Summer. The property is Tax Class Protected, offering investors the benefit of favorable tax treatment while maintaining free-market residential income. Offered at an asking price of $3,000,000, the property is projected to deliver an attractive 6.8% capitalization rate, presenting investors with immediate cash flow from a turnkey asset. Located in one of Brooklyn's strongest rental markets, the property is well positioned to benefit from the continued growth and transformation of Bushwick, including the arrival of Bushwick’s first Whole Foods Market, further enhancing the neighborhood's retail offerings and long-term investment appeal. With its renovated condition, free-market residential income, established retail tenancy, and prime location along one of Bushwick's most active commercial corridors, 195 Wyckoff Avenue represents a rare opportunity to acquire a stabilized mixed-use asset with durable cash flow and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$702 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wyckoff Ave Free Market Mixed-Use Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,517 SF

ZONING

R6 / C1-3

APN/PARCEL ID

03281-0002

ASK ABOUT THIS PROPERTY

Aden VerdunTerraCRG Brooklyn Commercial Real EstateMore Info
718-768-6888

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

Aden VerdunTerraCRG Brooklyn Commercial Real EstateMore Info
718-768-6888

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