Mixed-Use
201 Irving Avenue
201 Irving Ave, Brooklyn, NY 11237
Listing Price: $1,650,000
Investment Overview
Marcus & Millichap is pleased to present 201 Irving Avenue, a five-unit mixed-use property located in Brooklyn, NY. Comprising four free market residential units—each with railroad two-bedroom layouts—and one 1,250 square foot commercial space and 4 rear garages (separate tax lot at 277 Himrod Street), the asset totals 5,100 gross square feet. All residential units are currently occupied with MTM rents well below market, providing immediate upside through repositioning. The ground floor deli tenant, A & O Grocery Corp, is secured on a long-term lease through 2032, offering stable cash flow and upside upon renewal. The retail space boasts a walk-in freezer and has sub-grade storage in the cellar. The assets combine to a 2,000 square-foot lot and benefit from R6 Zoning in a highly walkable Brooklyn location primed for both residential and retail demand growth.
201 Irving Avenue
Investment Highlights
- 201 Irving Avenue, built in 1931, spans 3 stories and is comprised of 5 mixed-use units, approx. 5,100 SF.
- Zoning: R6 | Tax Class 2A | Max FAR 2.20
- 201 Irving Avenue is located in the heart of Bushwick and is a short walk to the Myrtle-Wyckoff Ave M Subway stop.
Listing Price: $1,650,000
Investment Highlights
- 201 Irving Avenue, built in 1931, spans 3 stories and is comprised of 5 mixed-use units, approx. 5,100 SF.
- Zoning: R6 | Tax Class 2A | Max FAR 2.20
- 201 Irving Avenue is located in the heart of Bushwick and is a short walk to the Myrtle-Wyckoff Ave M Subway stop.
Investment Overview
Marcus & Millichap is pleased to present 201 Irving Avenue, a five-unit mixed-use property located in Brooklyn, NY. Comprising four free market residential units—each with railroad two-bedroom layouts—and one 1,250 square foot commercial space and 4 rear garages (separate tax lot at 277 Himrod Street), the asset totals 5,100 gross square feet. All residential units are currently occupied with MTM rents well below market, providing immediate upside through repositioning. The ground floor deli tenant, A & O Grocery Corp, is secured on a long-term lease through 2032, offering stable cash flow and upside upon renewal. The retail space boasts a walk-in freezer and has sub-grade storage in the cellar. The assets combine to a 2,000 square-foot lot and benefit from R6 Zoning in a highly walkable Brooklyn location primed for both residential and retail demand growth.
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