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1524 Myrtle Avenue, Bushwick, NY 11237

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For Sale

$2,900,000

5 beds • 3 baths • 1 half baths • 4,180 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $693.78
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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%
MLS# 11561219

Courtesy Of EVERGREEN REALTY & INVESTMENTS

(646) 838-1378

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dryer, Refrigerator
  • Architecture Style
    Other
  • Floor Covering
    Hardwood

Map and Directions

Directions to 1524 Myrtle Avenue, Bushwick, NY 11237

Home seller CENTURY 21 Amiable Realty Group II

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Amiable Realty Group II

(718) 835-4700
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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