1260 Myrtle Avenue
Property Description
Mixed-use investment property in the heart of Bushwick 100% occupied with immediate cash flow Four renovated free-market apartments above an established bar/lounge Stable ground-floor commercial tenant with a long-term lease Approx. 4,359 SF building on a 29-foot-wide lot Second-Floor access to an unused Balcony with outdoor space potential Strong in-place income with significant upside potential 7.85% in-place cap rate 9.33% potential cap rate Net Operating Income: $177,786 annually Protected Tax Class 2A with low annual real estate taxes Block-through property with separate rear street access to the residential units Separate residential entrance for enhanced privacy R6 / C2-3 zoning offering long-term flexibility Located in one of Brooklyn's strongest rental and retail corridors Steps from the Central Avenue M train and a short walk to the Myrtle Avenue J/M/Z station Surrounded by restaurants, cafes, nightlife, and neighborhood retail Ideal opportunity for investors seeking stable cash flow with long-term appreciation potential
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,250,000 |
| Year Built: | 1930 |
| Lot Size: | 4,359.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 5 |
ID: 3yd-NYSMLS-11883485
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