1156 Myrtle Ave, Brooklyn, NY 11221 For Sale

This is a free market multifamily building located at 1156 Myrtle Avenue in northern Bushwick, between Troutman and Ditmars.

The building is just one block from the Myrtle Avenue J, M, and Z subway station. It features five units: a four-bedroom ground-floor duplex with a private backyard, a two-bedroom and a three-bedroom on the second floor, and two three-bedroom units on the third floor. All units have modern finishes, stainless steel appliances, dishwashers, washer/dryers, and dedicated storage in the basement.

The property is tax class 2A protected, with a gross rent roll of 233,981 and a net operating income of 191,378. The asking price is 3,190,000, which comes out to a 6 percent cap rate and $773 per square foot.