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    Mixed-Use Property in Bushwick Title is generated by Realmo AI

    137 Wyckoff Ave, Brooklyn, NY 11237

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    Mixed-use investment property with retail and residential units in Brooklyn.

    Type:Multifamily
    Property size:
    7,500 SF
    Price / SF:
    $626/SF
    Added:
    Mar 20, 2026
    Days on Market:
    109
    Last Refresh:
    Mar 21 at 8:41 pm

    Property Features for 137 Wyckoff Ave

    General Information

    Standard status
    Active
    Size
    7,500 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1931

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    Steven Llorens

    Listing office Douglas Elliman Commercial Division

    Listing date Mar 20, 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 Douglas Elliman Commercial Division

    HighLights

    • Long‑term Dunkin' lease provides stable and reliable income.
    • Value‑add opportunity through future rent growth in free‑market units.
    • Located in the heart of Bushwick, one of Brooklyn's fastest‑growing neighborhoods.
    • Mixed‑use property with both residential and commercial income streams.
    • Seven residential units (3 rent‑stabilized, 4 free‑market).
    • Below‑market rents offer immediate upside potential.

    Overview

    The mixed-use investment property at 37 Wyckoff Avenue is located in Bushwick. The building features seven residential units situated above a ground-floor retail space. The residential component includes three rent-stabilized units and four free-market units. The current rents are below market value, presenting an opportunity for future rent growth and improved management. The retail space is occupied by Dunkin' under a long-term lease, providing a stable income stream. This property offers a balanced income stream with a commercial tenant and upside potential.

    Local Financial Insights For Retail

    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 $583.2k $77.76
    − Vacancy −$69.4k −$9.25
    EGI $513.8k $68.51
    − OpEx −$154.1k −$20.55
    NOI $359.7k $47.95
    7,500 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $5.14M
    $4.50M – $5.99M (±1% cap)
    NOI $359,659 @ 7.0% cap · market cap 7.65%
    Second Best
    Mixed Use
    $3.89M
    $3.40M – $4.54M (±1% cap)
    NOI $272,250 @ 7.0% cap · market cap 5.79%
    Theoretical Best
    Specialty Retail
    $6.21M
    $5.43M – $7.25M (±1% cap)
    NOI $434,700 @ 7.0% cap · market cap 9.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dunkin' Cafe & Coffee Shop Baskin-Robbins Grocery & Convenience Store

    Suggested Use

    Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Nursing Home Travel Agency Acupuncture Accounting Firm Veterinary Clinic Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.918553
    Latitude
    40.704176

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use investment property with retail and residential units in Brooklyn.
    Where is this mixed-use property located?
    The property is located at 137 Wyckoff Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,700,000.
    What are key features of this property?
    This property features: Long‑term Dunkin' lease provides stable and reliable income.; Value‑add opportunity through future rent growth in free‑market units.; Located in the heart of Bushwick, one of Brooklyn's fastest‑growing neighborhoods.
    More about this property
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