Mixed-Use
1295 Myrtle Avenue
1295 Myrtle Ave, Brooklyn, NY 11221
Listing Price: $1,500,000
Investment Overview
The New York Multifamily Team at Marcus & Millichap is pleased to present 1295 Myrtle Avenue in Bushwick, Brooklyn. Built in 2006, the property features two residential units over a furniture shop and benefits from an Industrial & Commercial Incentive Program (ICIP) tax exemption. The apartments are 2-bed/ 1-bath with value add potential and tenants have direct access to the Central Avenue M Train. With the unused air rights, you also have the ability to extend the commercial space another 8ft into the rear yard.
Listing Price: $1,500,000
Investment Highlights
- Two free-market apartments & one commercial space.
- Newer construction | Built 2006
- ICIP Tax Exemption through 2033
- Right next to Central Ave M Train station
Investment Overview
The New York Multifamily Team at Marcus & Millichap is pleased to present 1295 Myrtle Avenue in Bushwick, Brooklyn. Built in 2006, the property features two residential units over a furniture shop and benefits from an Industrial & Commercial Incentive Program (ICIP) tax exemption. The apartments are 2-bed/ 1-bath with value add potential and tenants have direct access to the Central Avenue M Train. With the unused air rights, you also have the ability to extend the commercial space another 8ft into the rear yard.
