About This Home
This 8-bedroom, 5-bathroom residential multi family at 1260 Myrtle Avenue in Brooklyn, NY is listed for $2,250,000 ($516 per sqft). Built in 1930, the home offers 4,359 sqft of living space on a 0.04 acres lot.
Key Features
- Built in 1930
- 0.04 acre lot
Property Details
Amenities
Mixed-use investment property in the heart of Bushwick 100% occupied with immediate cash flow Four renovated free-market apartments above an established bar/lounge Stable ground-floor commercial tenant with a long-term lease Approx. 4,359 SF building on a 29-foot-wide lot Second-Floor access to an unused Balcony with outdoor space potential Strong
in-place income with significant upside potential 7.85% in-place cap rate 9.33% potential cap rate Net Operating Income: $177,786 annually Protected Tax Class 2A with low annual real estate taxes Block-through property with separate rear street access to the residential units Separate residential entrance for enhanced privacy R6 / C2-3 zoning offer
ing long-term flexibility Located in one of Brooklyn's strongest rental and retail corridors Steps from the Central Avenue M train and a short walk to the Myrtle Avenue J/M/Z station Surrounded by restaurants, cafes, nightlife, and neighborhood retail Ideal opportunity for investors seeking stable cash flow with long-term appreciation potential
Monthly Cost Estimate
$12,033/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1260 Myrtle Avenue
Brooklyn, NY 11221
Bushwick
Property Details
Flooring
Pool Features
Questions & Answers
This 8-bedroom, 5-bathroom residential multi family at 1260 Myrtle Avenue is listed at $2,250,000 ($516/sqft). The estimated monthly payment is $12,033 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1930, 0.04 acre lot.
This property is listed by Emma Barattini and can be reached at 646-838-1378.
