For Sale
$1,399,000

1295 Myrtle Ave Brooklyn, NY 11221

Prime Brooklyn location, high NOI, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
127
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
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

FAQs

What type of property is this?
Mixed-use property - Prime Brooklyn location, high NOI, strong cash flow.
Where is the mixed-use property located?
The property is located at 1295 Myrtle Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: $1,399,000 Asking Price; 3,024 square foot Mixed-Use building; $463 per square foot
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1295 Myrtle Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message