Brooklyn Mixed-Use Retail
For Sale
Contact for pricing
1465 Myrtle Avenue, Brooklyn, NY 11237
Located in Bushwick near Knickerbocker Ave subway station.
Property Size9,220 SF
Price / SF$460.95
Days on Market129
Property Features for 1465 Myrtle Avenue
General Information
Standard status
Active
Size
9,220 SF
Property subtype
Retail
Listing Agency:
Tri State Commercial
(718) 437-6100
Listed By:
Shlomi Bagdadi · License #NY 10311204539
Source:
Crexi
Added: Mar 26
Changed: Jul 6
Last Checked: Jul 31 at 11:18AM
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 Tri State Commercial
Investment Insights
Based on property information with market context.
Located in the Bushwick neighborhood of Brooklyn, this mixed-use retail property is situated between Bleecker St and Menahan St, near the Knickerbocker Ave subway station. The nearest transit options include the M train at Knickerbocker Ave, the L train at Myrtle - Wyckoff Ave, and the B54 bus line. The property's size is 9220 square feet. Nearby tenants include Citibank, Boost Mobile, Qdoba, Subway, Popeyes, Matto Espresso, CVS, Dollar Tree, Capital One, Food Bazaar, Blink Fitness, Bank of America, Planet Fitness and White Castle.
Key Highlights
- Prime location in Bushwick, Brooklyn.
- Close proximity to the Knickerbocker Ave subway station (M train).
- Convenient access to multiple subway lines (M, L).
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 | $608.5k | $66.00 |
| − Vacancy | −$73.0k | −$7.92 |
| EGI | $535.5k | $58.08 |
| − OpEx | −$200.8k | −$21.78 |
| NOI | $334.7k | $36.30 |
9,220 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$6.32M
$5.53M – $7.37M
NOI $442,141 @ 7.0% cap · market cap 10.40%
Second Best
Mixed Use
$4.78M
$4.18M – $5.58M
NOI $334,686 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$7.63M
$6.68M – $8.91M
NOI $534,391 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,989
Businesses Nearby
402k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Dining 31%
Shops & Services 14%
Apparel 4%
Food Bazaar Supermarket
Groceries
76,560 visits/mo
0.5 miles
Food Bazaar Supermarket
Groceries
51,452 visits/mo
0.4 miles
Burger King
Dining
36,411 visits/mo
0.1 miles
White Castle
Dining
24,528 visits/mo
0.3 miles
Dunkin' Donuts
Dining
23,384 visits/mo
0.4 miles
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
Market
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Located in Bushwick near Knickerbocker Ave subway station.
Where is this mixed-use property located?
The property is located at 1465 Myrtle Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Prime location in Bushwick, Brooklyn.; Close proximity to the Knickerbocker Ave subway station (M train).; Convenient access to multiple subway lines (M, L).
