# 1260 Myrtle Avenue, Brooklyn, NY 11221

> **TL;DR:** 8bd/5ba residential multi family, $2,250,000 ($516/sqft), built 1930, 4,359 sqft.
> Hardwood. Est. $12,033/mo. Listed 5 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,250,000 |
| Price/sqft | $516 |
| Bedrooms | 8 |
| Bathrooms | 4 full, 1 half |
| Square Feet | 4,359 |
| Year Built | 1930 |
| Lot Size | 1,751 sqft (0.04 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 5 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $11,377 |
| Estimated Insurance | $656 |
| **Total** | **$12,033** |

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1930
- 0.04 acre lot

## Description

### Agent Description
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 offering 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

## Location

- **Address:** 1260 Myrtle Avenue, Brooklyn, NY 11221
- **County:** Kings
- **Neighborhood:** Bushwick
- **Coordinates:** 40.697773, -73.926927
- **Google Maps:** https://www.google.com/maps?q=40.697773,-73.926927

## Listing Agent

- **Name:** Emma Barattini
- **Brokerage:** EVERGREEN REALTY & INVESTMENTS
- **Phone:** 646-838-1378

## Primary Photo

![1260 Myrtle Avenue - Primary Photo](http://lh.rdcpix.com/090fcd0818caca34b817a10e6a8bfc55l-f4290817644r.jpg)

*3 total photos available on [listing page](https://www.propertysimple.ai/listing/1260-myrtle-avenue-brooklyn-ny-11221-11883485)*

---

**MLS#:** 11883485 | **Updated:** 2026-08-02
**Source:** listhub

*Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1260-myrtle-avenue-brooklyn-ny-11221-11883485)

---

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