Mixed-use investment property in the heart of Bushwick
100% occupied with immediate cash flow
Four renovated free-market apartments above an established bar/lounge
Stable ground-floor commercial tenant with a long-term lease
Approx. 4,359 SF building on a 29-foot-wide lot
Second-Floor access to an unused Balcony with outdoor space potential
Strong in-place income with significant upside potential
7.85% in-place cap rate
9.33% potential cap rate
Net Operating Income: $177,786 annually
Protected Tax Class 2A with low annual real estate taxes
Block-through property with separate rear street access to the residential units
Separate residential entrance for enhanced privacy
R6 / C2-3 zoning offering long-term flexibility
Located in one of Brooklyn's strongest rental and retail corridors
Steps from the Central Avenue M train and a short walk to the Myrtle Avenue J/M/Z station
Surrounded by restaurants, cafés, nightlife, and neighborhood retail
Ideal opportunity for investors seeking stable cash flow with long-term appreciation potential
Active
$2,250,000
1260 Myrtle Ave, Brooklyn, NY 11221
8beds
4,359sqft
Mixed Use
Built in 1930
-- sqft lot
$2,218,000 Zestimate®
$516/sqft
$-- HOA
What's special
Four renovated free-market apartments
- 31 days |
- 145 |
- 3 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Evergreen Realty & Investments 646-373-7944,
Daniel Barcelowsky,
Evergreen Realty And Investments
Source: StreetEasy,MLS#: S1837934
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 4,359
- Total interior livable area: 4,359 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Balcony
Details
- Parcel number: 032270031
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
Condition
- Year built: 1930
Community & HOA
Community
- Subdivision: Bushwick
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $516/sqft
- Tax assessed value: $779,000
- Annual tax amount: $4,692
- Date on market: 7/13/2026
Estimated market value
Zestimate®
$2,218,000
Estimated sales range
$2.11M - $2.33M
Rent Zestimate®
$4,628/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Listed for sale | $2,250,000$516/sqft |
Source: StreetEasy #S1837934 Report a problem | ||
| 7/17/2026 | Listing removed | $2,250,000$516/sqft |
Source: StreetEasy #S1837934 Report a problem | ||
| 7/13/2026 | Listed for sale | $2,250,000+45.1%$516/sqft |
Source: StreetEasy #S1837934 Report a problem | ||
| 9/30/2025 | Sold | $1,550,500-15%$356/sqft |
Source: Public Record Report a problem | ||
| 6/20/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/10/2024 | Price change | $2,395+33.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/5/2024 | Listed for rent | $1,800-43.5% |
Source: Zillow Rentals Report a problem | ||
| 5/14/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/9/2024 | Price change | $3,185+24.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/2/2024 | Listed for rent | $2,550+2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/8/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/4/2024 | Listed for rent | $2,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/18/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/8/2024 | Listed for rent | $2,500-7.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/24/2016 | Sold | $1,825,000+82.5%$419/sqft |
Source: Public Record Report a problem | ||
| 6/27/2016 | Listing removed | $2,700-20.6%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 12/29/2014 | Sold | $1,000,000$229/sqft |
Source: Public Record Report a problem | ||
| 12/21/2014 | Listing removed | $3,400$1/sqft |
Source: Bushwick pads nyc Report a problem | ||
| 10/26/2014 | Listed for rent | $3,400$1/sqft |
Source: trans Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,346 -0.5% | $350,550 +6.6% |
| 2024 | $4,368 | $328,950 +7.7% |
| 2023 | -- | $305,550 +1.8% |
| 2022 | -- | $300,150 +6.4% |
| 2021 | -- | $282,150 -14.2% |
| 2020 | $3,352 | $328,680 |
| 2019 | $3,352 | $328,680 +1162.1% |
| 2018 | -- | $26,042 +8% |
| 2017 | $3,067 +6.6% | $24,113 +8% |
| 2016 | $2,876 | $22,327 +8% |
| 2015 | $2,876 +17.8% | $20,674 +8% |
| 2014 | $2,441 | $19,143 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Bushwick
Nearby schools
GreatSchools rating
- 6/10Ps 274 KosciuskoGrades: PK-5Distance: 0.2 mi
- 5/10Is 349 Math Science And TechnologyGrades: 6-8Distance: 0.2 mi
- 3/10Bushwick Leaders High School For Academic ExcellenceGrades: 9-12Distance: 0.2 mi
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