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Mixed-Use

1295 Myrtle Avenue

1295 Myrtle Ave, Brooklyn, NY 11221

Listing Price: $1,500,000

Cap Rate
5.00%
Number of Units
3
Occupancy
100.0%
Price/Unit
$500,000
Price/Gross SF
$660.79
Gross SF
2,270

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.

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

Exclusively Listed By

Financing By

Mixed-Use

1295 Myrtle Avenue

Listing Price: $1,500,000

Cap Rate
5.00%
Number of Units
3
Occupancy
100.0%
Price/Unit
$500,000
Price/Gross SF
$660.79
Gross SF
2,270

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.

Exclusively Listed By

Financing By

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