1260 Myrtle Ave, Brooklyn, NY 11221
Mixed-use property with a 7.55% CAP rate, 4,359 SqFt.
- Added:
- Mar 9, 2026
- Days on Market:
- 93
- Last Refresh:
- Mar 19 at 10:04 pm
Property Features for 1260 Myrtle Ave
General Information
- Standard status
- Active
- Size
- 4,359 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1930
Listing agent Eugene Kim License #NY 40KI1106013
Listing office Meridian Capital Group (646) 502-3481
Listing date Mar 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Meridian Capital Group
HighLights
- 7.55% CAP
- Mixed Use
- 4,359 SqFt
- Year Built: 1930
Overview
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $287.7k | $66.00 |
| − Vacancy | −$34.5k | −$7.92 |
| EGI | $253.2k | $58.08 |
| − OpEx | −$94.9k | −$21.78 |
| NOI | $158.2k | $36.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.926771
- Latitude
- 40.69777
