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$ 2,250,000
Est. payment /mo
Active
1260 Myrtle Avenue Brooklyn, NY 11221
8 Beds
4.5 Baths
4,359 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,359 sqft
Price per Sqft $516
MLS Listing ID 11883485
Bedrooms 8
Full Baths 4
Half Baths 1
Year Built 1930
Annual Tax Amount $4,694
Lot Size 1,750 Sqft
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, cafés, nightlife, and neighborhood retail Ideal opportunity for investors seeking stable cash flow with long-term appreciation potential
Location
State NY
County 36047
Rooms
Dining Room 0
Kitchen 0
Tenisha Davis, Licensed Real Estate Broker
Licensed Real Estate Broker - GRI, ABR, CBR, SFR, SRS - Notary Public