Mixed-Use Retail Asset in
1513 Myrtle Avenue Brooklyn, NY 11237
1513 Myrtle Avenue, Brooklyn, NY, 11237
Contact for pricing
For Sale
Contact for pricing
Pending
Mixed-use retail property with value-add potential in high-traffic location.
Property Size3,700 SF
Days on Market71
Property Features for 1513 Myrtle Avenue
General Information
- Standard status
- Pending
- Size
- 3,700 SF
- Property subtype
- Retail
Listing agency
JA Cohen Advisory Group LLC
(347) 244-2226
Listed by
Jack A. Cohen · License #NY 10491209522
Source
Crexi
Added: May 13 Updated: Jul 10 at 1:35PM Checked: Jul 21 at 5:52AM
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 JA Cohen Advisory Group LLC
Investment Insights
Based on property information with market context.
Located on Myrtle Avenue in Bushwick, this mixed-use retail asset offers in-place cash flow and repositioning flexibility. The property benefits from neighborhood growth, commercial activity, foot traffic, and tenant demand. The asset includes landlord termination rights in each lease and built-in annual rent increases, presenting value-add and future upside potential. The property size is 3,700 square feet.
Key Highlights
- Stable in‑place cash flow.
- Long‑term repositioning flexibility.
- Located in the highly active Myrtle Avenue corridor in Bushwick.
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 | $287.7k | $77.76 |
| − Vacancy | −$34.2k | −$9.25 |
| EGI | $253.5k | $68.51 |
| − OpEx | −$76.0k | −$20.55 |
| NOI | $177.4k | $47.95 |
3,700 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.53M
$2.22M – $2.96M
NOI $177,432 @ 7.0% cap · market cap 4.22%
Second Best
Mixed Use
$1.92M
$1.68M – $2.24M
NOI $134,310 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$3.06M
$2.68M – $3.57M
NOI $214,452 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
HRT HealSync
Medical Clinic
Prime Brooklyn Plumber ...
Plumbing Service
BUY BUY FURNITURE ...
Furniture & Home Goods
La Mesita
Restaurant
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FAQs
What type of property is this?
Mixed-use property - Mixed-use retail property with value-add potential in high-traffic location.
Where is this mixed-use property located?
The property is located at 1513 Myrtle Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Stable in‑place cash flow.; Long‑term repositioning flexibility.; Located in the highly active Myrtle Avenue corridor in Bushwick.
