1295 Myrtle Ave #BLD, Brooklyn, NY 11221

The New York Multifamily Team at Marcus & Millichap is pleased to present 1295 Myrtle Avenue in Bushwick, Brooklyn. The property consists of two residential units over a furniture shop. The apartments are 2-bed/ 1-bath with value add potential and there are 205SF of additional air rights that can be used to extend the ground floor 8ft into the rear yard. The retail lease expires in 2023, allowing investors the option of renewing or renovating/renting at market rate. 1295 Myrtle is surrounded by popular restaurants & shopping and offers tenants immediate access to the Central Ave M train. Built in 2006, the property also benefits from an Industrial & Commercial Incentive Program (ICIP) tax exemption which expires in 2033. Reach out to Michael Kolbus for full financial breakdown and additional due diligence items