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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1308 Myrtle Ave Brooklyn, NY 11221

8,314 SF Built 2022
Property ID
Property summary
AI-generated overview

This stunning, five-story, 8,314 square foot storefront at 1308 Myrtle Avenue in Brooklyn, New York, presents a unique investment opportunity. Built in 2022 and zoned R6, this all-commercial elevator building boasts vented retail space with gas hookups, turnkey office spaces, ample storage, and desirable outdoor areas on multiple floors. The asking price is $3,500,000, translating to $420.98 per square foot. Located in the vibrant Bushwick neighborhood, this property enjoys exceptional visibility and accessibility, situated steps from the bustling Wyckoff Avenue nightlife and the M train, providing express service to and from Manhattan. The flexible layout allows for logical divisions, making it suitable for a variety of commercial uses. The seller is offering build-out incentives for qualified offers, making this an attractive proposition for discerning investors seeking a high-return investment in a rapidly developing area of Brooklyn. The property's modern construction and prime location combine to create a compelling opportunity for immediate occupancy and long-term growth. Kings County location and zip code 11221.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2022
Total area 8,314 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Office Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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