Mixed-Use Building with Retail
For Sale
Contact for pricing
Pending
1264 Myrtle Ave, Brooklyn, NY 11221
Fully gut-renovated mixed-use property with ground-floor restaurant/bar space plus two residential floors.
Property Size4,137 SF
Days on Market118
Property Features for 1264 Myrtle Ave
General Information
Standard status
Pending
Size
4,137 SF
Property subtype
Retail, Multifamily, Mixed Use
Additional Details
Multifamily Units
2
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
DJ Johnston · License #NY 10401229409
Source:
Crexi
Added: Apr 10
Changed: Jul 20
Last Checked: Aug 5 at 9:23AM
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 Matthews
Investment Insights
Based on property information with market context.
1264 Myrtle Avenue is a fully gut-renovated mixed-use building featuring street frontage along both Myrtle Avenue and Cedar Avenue. The ground floor includes a restaurant/bar tenant and was configured with raised ceiling heights to accommodate a 277 SF mezzanine level, supporting an open commercial layout.
The second and third floors offer four-bedroom apartments that are currently leased. The building’s current commercial tenant base rent is stated at $5,624 per month, with a 4% increase noted in April 2017 and an expiration date of March 2018; the tenant also reimburses its pro rata share of operating costs.
In total, the property is reported to total approximately 4,137 GSF, with in-place annual gross revenue stated at $153,288.
The second and third floors offer four-bedroom apartments that are currently leased. The building’s current commercial tenant base rent is stated at $5,624 per month, with a 4% increase noted in April 2017 and an expiration date of March 2018; the tenant also reimburses its pro rata share of operating costs.
In total, the property is reported to total approximately 4,137 GSF, with in-place annual gross revenue stated at $153,288.
Key Highlights
- Fully gut‑renovated mixed‑use building totaling approx. 4,137 GSF with ground‑floor restaurant/bar plus two residential floors
- Ground‑floor restaurant/bar tenant space approx. 965 SF with new raised ceiling heights and approx. 277 SF mezzanine
- Tenant rent: $5,624/month base rent with 4% increase in April 2017; lease expires March 2018; tenant reimburses pro rata operating costs
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,013
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Similar Off Market Nearby
- House Party Cafe & Lounge — 1178 Bushwick Ave, Brooklyn, NY 11221
- Restaurante Bar Gil — 1476 Broadway, Brooklyn, NY 11221
- Marian's Brooklyn — 108 Patchen Ave, Brooklyn, NY 11221
- The Coyote Club — 417 Throop Ave, Brooklyn, NY 11221
- Bleu Fin — 1487 Broadway, Brooklyn, NY 11221
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully gut-renovated mixed-use property with ground-floor restaurant/bar space plus two residential floors.
Where is this bar & pub located?
The property is located at 1264 Myrtle Ave Brooklyn, NY.
What are key features of this property?
This property features: Fully gut‑renovated mixed‑use building totaling approx. 4,137 GSF with ground‑floor restaurant/bar plus two residential floors; Ground‑floor restaurant/bar tenant space approx. 965 SF with new raised ceiling heights and approx. 277 SF mezzanine; Tenant rent: $5,624/month base rent with 4% increase in April 2017; lease expires March 2018; tenant reimburses pro rata operating costs
