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8 Beds
5 Baths
4,359 sqft

$2,250,000

1260 Myrtle Avenue, Brooklyn NY, 11221

Price per sqft$516.17
Built in1930
Property size4,359 sqft
Property typeResidential

Overview

Active

Updated 2 weeks ago

Mixed-use investment property in the heart of Bushwick 100% occupied with immediate cash flow Four renovated free-market apartments above an established bar/lounge Stable ground-floor commercial tenant with a long-term lease Approx. 4,359 SF building on a 29-foot-wide lot Second-Floor access to an unused Balcony with outdoor space potential Strong in-place income with significant upside potential 7.85% in-place cap rate 9.33% potential cap rate Net Operating Income: $177,786 annually Protected Tax Class 2A with low annual real estate taxes Block-through property with separate rear street access to the residential units Separate residential entrance for enhanced privacy R6 / C2-3 zoning offering long-term flexibility Located in one of Brooklyn's strongest rental and retail corridors Steps from the Central Avenue M train and a short walk to the Myrtle Avenue J/M/Z station Surrounded by restaurants, cafés, nightlife, and neighborhood retail Ideal opportunity for investors seeking stable cash flow with long-term appreciation potential

$14,969/mo

Est. mortgage payment based on a $2,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
11883485
Available since
July 13, 2026

Interior Features

Bedrooms
8
Bathrooms
5
Basement
No

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$4,694
Tax Frequency
Annually

Courtesy of EVERGREEN REALTY & INVESTMENTS with ,
Listing Contact:  

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