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1465 Myrtle Ave Brooklyn, NY 11237

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For Sale
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High-yield investment opportunity in Bushwick.

Property size:
9,220 SF

Property Features for 1465 Myrtle Ave

General Information

Property type
Banks
Square Feet
9,220 SF

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Listing Contact
Shlomi Bagdadi
Shlomi Bagdadi

Listing Agency: Tri State Commercial Realty Listing Agent: Shlomi Bagdadi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This fully renovated, 9,220 square foot mixed-use building in Brooklyn's vibrant Bushwick neighborhood presents a compelling investment opportunity. Located on a prominent corner lot at 1465 Myrtle Avenue, between Bleecker Street and Menahan Street, this property boasts a strong location near the Knickerbocker Avenue M train station, providing excellent accessibility. The building comprises four units, with a national tenant currently occupying the retail space, resulting in a 50% occupancy rate. The asking price is $4,250,000, translating to a price per square foot of $460.95 and a projected cap rate of 3.60%. The building's rentable building area (RBA) is 2,305 square feet. The property is being offered "as is," providing the buyer with the flexibility to implement their vision. The surrounding area is rich with established businesses, including 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, indicating a strong retail environment and high foot traffic. Convenient access to the L train at Myrtle-Wyckoff Avenues and the B54 bus line further enhances the property's appeal. This is an exceptional chance to acquire a well-situated, mixed-use asset in a rapidly growing Brooklyn neighborhood.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Popeyes Louisiana Kitchen Restaurant Masary Development Real Estate Agency BK19 Event Space Hotel & Motel Light House Bar & Pub

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9170608
Latitude
40.6990867

FAQs

What type of property is this?
Bank - High-yield investment opportunity in Bushwick.
Where is this bank located?
The property is located at 1465 Myrtle Ave 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: Four-unit multifamily building.; Completely renovated.; Corner lot location.
More about this property
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