1295 Myrtle AveBrooklyn, NY 11221

For Sale
$1,399,000

Prime Brooklyn location, high NOI, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 1295 Myrtle Avenue in the vibrant Bushwick neighborhood of Brooklyn, New York (zip code 11221), presents a compelling investment opportunity. Built in 2006, the 3,024 square foot building sits on a 987 square foot lot and boasts a desirable R6, C2-3 zoning designation, allowing for a variety of uses. The property currently operates as a fully occupied two-family residence combined with a retail space, generating a substantial net operating income (NOI) of $78,613. The asking price is $1,399,000, translating to a price per square foot of $463. Individual heating and hot water meters for each unit enhance efficiency and management. This turnkey investment offers immediate cash flow and significant potential for future appreciation in this rapidly developing area of Brooklyn. The property's strategic location in the heart of Bushwick provides easy access to public transportation, local amenities, and a thriving community. Don't miss this chance to acquire a high-performing mixed-use asset in one of Brooklyn's most sought-after neighborhoods.

Highlights

  • $1,399,000 Asking Price
  • 3,024 square foot Mixed-Use building
  • $463 per square foot
  • $78,613 Net Operating Income (NOI)
  • Built in 2006
  • R6, C2-3 Zoning

Property Details for 1295 Myrtle Ave

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
3,024 SF
Year Built
2006

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6981016
Longitude
-73.9265367
1295 Myrtle Ave, Brooklyn, New York

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1295 Myrtle Ave
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