Mixed-Use Retail Asset in
For Sale
Contact for pricing
Pending
1513 Myrtle Avenue, Brooklyn, NY 11237
Mixed-use retail property with value-add potential in high-traffic location.
Property Size3,700 SF
Days on Market82
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
Changed: Jul 10
Last Checked: Aug 2 at 3:04PM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,940
Businesses Nearby
411k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 31%
Shops & Services 16%
Apparel 5%
Food Bazaar Supermarket
Groceries
76,560 visits/mo
0.3 miles
Food Bazaar Supermarket
Groceries
51,452 visits/mo
0.2 miles
Burger King
Dining
36,411 visits/mo
0.2 miles
White Castle
Dining
24,528 visits/mo
0.1 miles
Dunkin' Donuts
Dining
23,384 visits/mo
0.2 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 - 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.
