
Courtesy of: Emma Barattini, EVERGREEN REALTY & INVESTMENTS, amanda@evrgrealty.com
$2,250,000
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8 bed
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4,359 square feet
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5.00 Bath (4 Full , 1 Half)
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Lot: 0.04 Acres
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Other
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$2,250,000
1260 Myrtle Avenue 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
Courtesy of: Emma Barattini, EVERGREEN REALTY & INVESTMENTS, amanda@evrgrealty.com
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