- For Sale $2,900,000
- Property Type Mixed Use
- Property Size 4,180 SF
- Units 3
- Lot Size 1,564 SF
- Cap Rate % 8.02
- Year Built 1920
- Date Updated Aug 22, 2025
Two buildings on one lot. Total Size: 4,180 SF (3,520SF Myrtle + 660 SF Gates). Unit Mix: 3 Apartments • 1 Store • 2 Garages. Apartment 1: 2 Bed / 1 Bath – Washer/Dryer in unit. Apartment 2: 2 Bed / 1 Bath – Washer/Dryer in unit. Apartment 3: Studio. Apartments feature hardwood floors, exposed brick, and quality finishes. Two on-site garages, a scarce and highly valued amenity in the neighborhood. Prime location near Myrtle-Wyckoff Subway Station (L & M lines). Commercial tenant pays 55% of expenses, with 3% annual rental increases. Mixed-use configuration provides diversified and stable income. Perfect for a 1031 buyer who wants passive income. Positioned for secure cash flow with upside potential. Experienced management team ready to handle all operations from day one. Actual cap rate with projected vacant rents: 8.02%
Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
99/100
Walker's Paradise
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Transit Score ®
99/100
Rider's Paradise
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Bike Score ®
88/100
Very Bikeable
- City Brooklyn, NY
- Neighborhood Bushwick
- Zip Code 11237
- Market Brooklyn
Points of Interest
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Myrtle–Wyckoff Avenues
0.06 miles
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Knickerbocker Avenue
0.32 miles
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Stanhope St & Wycoff Ave - SE Corner
0.38 miles
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Stanhope St & Wycoff Ave - NE Corner
0.39 miles
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Stanhope St & Wycoff Ave - SW Corner
0.39 miles
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Stanhope St & Wycoff Ave - NW Corner
0.40 miles
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Dekalb Ave & Wycoff Ave - SE Corner
0.48 miles
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Dekalb Ave & Wycoff Ave - NE Corner
0.49 miles
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Dekalb Ave & Wycoff Ave - NW Corner
0.49 miles
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Dekalb Ave & Wycoff Ave - SW Corner
0.50 miles
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BP
0.08 miles
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Hess
0.91 miles
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Sunoco
0.95 miles
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Shell
1.02 miles
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Pure Energy
1.04 miles
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Exxon
1.06 miles
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Citgo
1.21 miles
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American Gas
1.22 miles
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Revel
1.93 miles
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Tesla Supercharger
2.47 miles
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MMP Parking LLC
0.47 miles
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Stop & Shop Parking
1.15 miles
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Havens Place Lot
1.63 miles
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School bus parking
1.94 miles
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Connoly's Parking Lot
2.29 miles
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Private Parking Lot
2.84 miles
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FDNY Fleet Services
2.94 miles
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Cielo Garage
3.00 miles
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Underhill Garage
3.15 miles
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MTP Park
3.27 miles
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Red Carpet Inn
0.48 miles
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Marina Hotel
0.84 miles
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Holiday Inn Express
0.90 miles
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Artel 535
0.92 miles
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casa reservada para vacaciones
0.96 miles
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Hotel Bogart Street, Brooklyn
1.10 miles
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New York Loft Hostel
1.15 miles
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New York Moore Hostel
1.35 miles
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hull
1.36 miles
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East New York Inn
1.67 miles
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Color Me Greens
0.01 miles
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La Caleta
0.01 miles
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NEWYORKTITLAN
0.01 miles
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Exquisito
0.03 miles
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White Castle
0.03 miles
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La Fogata
0.04 miles
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Merinda's Deli & Grill
0.05 miles
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Vaqueros
0.05 miles
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El Salvador
0.05 miles
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Lee's Restaurant
0.06 miles
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Saint Brigids School
0.13 miles
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All Leadership Secondary School
0.15 miles
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Bushwick High School
0.16 miles
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New York Harbor School
0.16 miles
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St. Brigid Catholic Academy
0.17 miles
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Bushwick High School for Social Justice
0.17 miles
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High School of Urban Planning
0.18 miles
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P.S. 116
0.21 miles
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BM Pottery Studio NY
0.27 miles
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Public School 86
0.30 miles
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Audrey Johnson Day Care Center
0.80 miles
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Little Einstein's Daycare
0.85 miles
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People's Daycare
0.86 miles
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Tender Tots
1.41 miles
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Precious Moments
1.66 miles
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Simcha Tots
1.95 miles
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Premier Stepping Stones Child Care
2.01 miles
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Our Children The Leaders of Tomorrow
2.07 miles
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Nuestros Niños Child Development Center
2.17 miles
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Little Sun People
2.23 miles
Frequently Asked Questions
The space currently listed for sale at 1524 Myrtle Ave asks for $2,900,000.
1524 Myrtle Ave totals 4,180 square feet.
1524 Myrtle Ave was built in 1920.
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