Listed by Meridian Capital Group
$2,250,000
1260 Myrtle Avenue
Details
Property Type Mixed Use
Sub Type Free Market, Retail and Apartments
Square Footage 4,359
Units 5
Cap Rate 7.55%
NOI $169,853
Occupancy 100%
Price per SqFt $516
Broker Co-Op Yes
Year Built 1930
Year Renovated 2014
Buildings 1
Stories 3
Lot Size (SqFt) 1,750
Zoning R6/C2-3
Investment Type Core+
Occupancy Date 03/09/2026
Mixed Use | 7.55% CAP | 4,359 SqFt
Investment highlights
100% Occupied & Cash Flowing
4 Renovated Free Market Apartments Over Bar / Lounge
Block-through property with separate rear street access to upper floors
Low Taxes Within Protected Tax Class 2A
Steps to Central Ave [M] train and short walk to Myrtle Avenue [J,M,Z]
Listing Contacts
Listed by Meridian Capital Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$169,853.00
$14,154.42/mo
Valuation Metrics
0
DSCR
7.55%
Cap Rate
7.55%
ROI
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