1260 Myrtle Avenue, Brooklyn, NY 11221
1260 Myrtle Avenue, Brooklyn, NY 11221
1260 Myrtle Avenue, Brooklyn, NY 11221
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Hal Blake

Hal Blake

+1(718) 608-4892
$2,250,000
Est. payment /mo
8 Beds
4.5 Baths
4,359 SqFt
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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

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Hal Blake
Hal Blake

Broker License ID: 10491210994

+1(718) 608-4892

1110 South Ave, Staten Island, NY 10314-3403, USA

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