$2,250,000
Updated 10 years ago
Off Market

1446 Myrtle Ave

Bushwick, Brooklyn | Bleecker Street & Menahan Street

3,500 Square FeetIncome Property

$2,250,000
floors / apts3 / 2
Lot Size20'x84'
Built Size20'x45'
ZoneR6
Building TypeLow-Rise
RE Taxes$3,102
Price Per SF
$643

Property Description for 1446 Myrtle Ave

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a three-story mixed-use building located at 1446 Myrtle Avenue in North Bushwick, Brooklyn. The subject property comprises two 3 BR apartments above a retail store. The commercial lease runs until 2025, while imminent residential lease expiration would allow an investor to capitalize on market rents. 1446 Myrtle Avenue is situated on an energetic Myrtle Avenue corridor and in close proximity to public transit, allowing for quick access to Manhattan and other boroughs. The Knickerbocker Avenue M Train Station is just 2 blocks away, while the L train is accessible at the Myrtle-Wyckoff Avenue Station within 3 blocks. The property also benefits from Bushwick's growing number of shops, restaurants and vibrant and distinctive art galleries and nightlife. Take advantage of this unique opportunity to an asset with a steady cash flow in one of Brooklyn's flourishing and most rapidly developing neighborhoods.

Listing History for 1446 Myrtle Ave

Now
11/03/2016
POM by Michael Amirkhanian
Cushman & Wakefield
08/03/2016
$2,250,000
Initial Price by Michael Amirkhanian
Cushman & Wakefield

Building Details for 1446 Myrtle Ave

OwnershipIncome Property
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Knickerbocker Av
0.15 miles
Myrtle-Wyckoff Avs
0.24 miles
DeKalb Av
0.37 miles

Citi Bike

Myrtle Ave & Grove St
0.09 miles
Greene Ave & Myrtle Ave
0.11 miles

Contact Agent

Contact Agent

Michael Amirkhanian
Cushman & Wakefield

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 65830TH