Contacts
Evergreen Realty & Investments
Property Details
- Property Type Mixed Use
- Property Size 4,500 SF
- Lot Size 0.04 Acre
- Cap Rate % 7.85
- Taxes / YR $4,694.00
- Year Built 1930
- Date Updated Aug 12, 2026
1260 Myrtle Avenue presents a rare opportunity to acquire a 100% occupied mixed-use investment property in the heart of Bushwick, featuring four renovated free-market apartments above an established bar/lounge and a stable long-term commercial tenant generating immediate cash flow. Situated on a 29-foot-wide lot with approximately 4,359 square feet, the property offers strong in-place income, a 7.85% in-place cap rate, a 9.33% potential cap rate, and an annual Net Operating Income of $177,786, providing exceptional upside for investors. Additional highlights include an existing second-floor balcony with outdoor space potential, a block-through layout with separate rear street access to the residential units, a private residential entrance, and Protected Tax Class 2A with low annual real estate taxes. Located within R6/C2-3 zoning, the property offers long-term flexibility and sits in one of Brooklyn's strongest rental and retail corridors, just steps from the Central Avenue M train and a short walk to the Myrtle Avenue J/M/Z station, surrounded by popular restaurants, cafés, nightlife, and neighborhood retail. This is an outstanding opportunity for investors seeking stable cash flow with long-term appreciation potential.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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97/100
Walk Score ®
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100/100
Transit Score ®
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92/100
Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Bushwick
- Zip Code 11221
- Market Brooklyn
Points of Interest
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Kosciuszko Street
0.32 miles
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Knickerbocker Avenue
0.42 miles
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Dekalb Ave & Wycoff Ave - SE Corner
0.60 miles
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Dekalb Ave & Wycoff Ave - SW Corner
0.60 miles
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Stanhope St & Wycoff Ave - SW Corner
0.61 miles
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Stanhope St & Wycoff Ave - SE Corner
0.61 miles
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Gates Avenue
0.62 miles
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Dekalb Ave & Wycoff Ave - NW Corner
0.62 miles
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Dekalb Ave & Wycoff Ave - NE Corner
0.62 miles
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Stanhope St & Wycoff Ave - NW Corner
0.63 miles
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Exxon
0.31 miles
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BP
0.33 miles
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Pure Energy
0.36 miles
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Sunoco
1.09 miles
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Revel
1.20 miles
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Tesla Supercharger
2.28 miles
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ChargePoint
2.32 miles
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plugNYC
3.58 miles
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Blink
3.66 miles
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EVgo
3.90 miles
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MMP Parking LLC
0.59 miles
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Havens Place Lot
1.90 miles
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Stop & Shop Parking
1.90 miles
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School bus parking
2.26 miles
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Cielo Garage
2.29 miles
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Underhill Garage
2.47 miles
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The Brooklyn Museum and Botanic Garden
2.71 miles
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NYPD Brooklyn Tow Pound
2.78 miles
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FDNY Fleet Services
2.79 miles
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Connoly's Parking Lot
2.80 miles
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Holiday Inn Express
0.39 miles
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Artel 535
0.39 miles
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Hotel Bogart Street, Brooklyn
0.53 miles
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New York Loft Hostel
0.58 miles
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New York Moore Hostel
0.73 miles
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Marina Hotel
0.80 miles
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Red Carpet Inn
1.16 miles
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42 Hotel
1.46 miles
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Mirage Brooklyn
1.62 miles
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hull
1.63 miles
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Associated Marketplace
0.05 miles
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Fine Fare
0.05 miles
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Green Valley Gourmet Market
0.32 miles
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City Fresh Market
0.38 miles
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C-Town
0.42 miles
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Sajoma Gourmet Corporation
0.44 miles
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Foodtown
0.48 miles
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Collado Meat Market
0.48 miles
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Peoples Department Stores
0.52 miles
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Shop Fair
0.53 miles
Evergreen Realty & Investments
