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1524 Myrtle Avenue
Bushwick NY 11237 US

$2,900,000

Active Listing ID 11561219
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5 bed
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4.00 Bath (3 Full , 1 Half)
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Other

$2,900,000

Active Listing ID 11561219
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1524 Myrtle Avenue OWNER WILLING TO HOLD A NOTE. Two buildings on one lot Total Size: 4, 180 SF (3, 520SF Myrtle + 660 SF Gates) Unit Mix: 3 Apartments • 1 Store • 2 Garages Apartment 1: 2 Bed / 1 Bath - Washer/Dryer in unit Apartment 2: 2 Bed / 1 Bath - Washer/Dryer in unit Apartment 3: Studio Apartments feature hardwood floors, exposed brick, and quality finishes Two on-site garages, a scarce and highly valued amenity in the neighborhood Prime location near Myrtle-Wyckoff Subway Station (L & M lines) Commercial tenant pays 55% of expenses, with 3% annual rental increases Mixed-use configuration provides diversified and stable income Perfect for a 1031 buyer who wants passive income. Positioned for secure cash flow with upside potential. Experienced management team ready to handle all operations from day one Actual cap rate with projected vacant rents: 8.02%

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • 1/2 Bathrooms: 1
  • Floor Covering: Hardwood

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2900000
  • unparsedaddress: 1524 Myrtle Avenue
  • postalcity: Bushwick
  • stateorprovince: NY
  • country: US
  • postalcode: 11237
  • bathroomsfull: 3
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0
  • lotsizeunits: Acres
  • livingarea: 4180
  • livingareaunits: Square Feet
  • latitude: 40.699232
  • longitude: -73.912868
  • listagentfullname: Emma Barattini
  • listagentemail: amanda@evrgrealty.com
  • listagentkey: 3yd-NYSMLS-107837
  • listagentmlsid: 107837
  • listagentpreferredphone: 6468381378
  • listagentofficephone: 6468381378
  • listofficekey: 3yd-NYSMLS-15081
  • listofficemlsid: 15081
  • disclaimer: Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NYSMLS
  • yearbuilt: 1920
  • yearbuilteffective: 1920
  • listingcontractdate: 2025-08-22
  • countyorparish: Kings
  • appliances: Dryer, Refrigerator
  • flooring: Hardwood
  • numberofunitstotal: 0
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • parkingfeatures: Garage, Garage - Attached
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -73.912865, 40.69923
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"EVERGREEN REALTY & INVESTMENTS", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"amanda@evrgrealty.com", "ListBrokerageCity":"RIDGEWOOD", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"EVERGREEN REALTY & INVESTMENTS", "ListBrokeragePhone":"646-838-1378", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"NY", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"5825 Myrtle Avenue Office 2A", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"5825 Myrtle Avenue Office 2A", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"RIDGEWOOD", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"11385", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Unit (2-4) - Bushwick, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1524-Myrtle-Ave_Brooklyn_NY_11237_M49894-46532?f=listhub&s=NYSMLS&m=11561219&c=rexren", "MLSModificationTimestamp":"2025-09-30T19:20:25Z", "Neighborhoods":[{"Description":null, "Name":"Bushwick"}], "PostalCode":null, "RawPropertySubType":"Multi-Unit (2-4)", "RawPropertyType":"Multi-Unit (2-4)", "RoomCount":0, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":0, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/1/2025 12:33:03 AM GMT
Source Updated Date: 12/5/2025 12:40:34 PM GMT

Courtesy of: Emma Barattini, EVERGREEN REALTY & INVESTMENTS, amanda@evrgrealty.com

Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.