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  • $2,250,000

    1260 Myrtle Ave, Brooklyn, NY 11221

    8beds
    4,359sqft
    Loading
    Mixed Use
    Built in 1930
    -- sqft lot
    $2,218,000 Zestimate®
    $516/sqft
    $-- HOA

    What's special

    Four renovated free-market apartments
    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
    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

        $2,218,000

        $2.11M - $2.33M

        $4,628/mo

        Price history

        DateEventPrice
        8/5/2026Listed for sale$2,250,000$516/sqft
        Source: StreetEasy #S1837934 Report a problem
        7/17/2026Listing removed$2,250,000$516/sqft
        Source: StreetEasy #S1837934 Report a problem
        7/13/2026Listed for sale$2,250,000+45.1%$516/sqft
        Source: StreetEasy #S1837934 Report a problem
        9/30/2025Sold$1,550,500-15%$356/sqft
        Source: Public Record Report a problem
        6/20/2024Listing removed--
        Source: Zillow Rentals Report a problem
        6/10/2024Price change$2,395+33.1%$1/sqft
        Source: Zillow Rentals Report a problem
        6/5/2024Listed for rent$1,800-43.5%
        Source: Zillow Rentals Report a problem
        5/14/2024Listing removed--
        Source: Zillow Rentals Report a problem
        5/9/2024Price change$3,185+24.9%$1/sqft
        Source: Zillow Rentals Report a problem
        5/2/2024Listed for rent$2,550+2%$1/sqft
        Source: Zillow Rentals Report a problem
        4/8/2024Listing removed--
        Source: Zillow Rentals Report a problem
        3/4/2024Listed for rent$2,500$1/sqft
        Source: Zillow Rentals Report a problem
        2/18/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/8/2024Listed for rent$2,500-7.4%$1/sqft
        Source: Zillow Rentals Report a problem
        10/24/2016Sold$1,825,000+82.5%$419/sqft
        Source: Public Record Report a problem
        6/27/2016Listing removed$2,700-20.6%$1/sqft
        Source: Zillow Rental Manager Report a problem
        12/29/2014Sold$1,000,000$229/sqft
        Source: Public Record Report a problem
        12/21/2014Listing removed$3,400$1/sqft
        Source: Bushwick pads nyc Report a problem
        10/26/2014Listed for rent$3,400$1/sqft
        Source: trans Report a problem

        Public tax history

        YearProperty taxesTax 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

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Bushwick

        Getting around

        97 / 100
        Walker's Paradise
        92 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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