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Bushwick

260 St Nicholas Ave, Brooklyn, NY 11237

This impressive mixed-use building in the vibrant Bushwick neighborhood of Brooklyn boasts a strategic corner location, enhancing its visibility and accessibility. Spanning four levels and encompassing approximately 4,400 square feet, the property features a thoughtfully designed layout, including an unfinished basement. The brick exterior exudes classic charm, while the dimensions of 20 feet by 55 feet sit comfortably on a 20-foot by 90-foot lot, zoned R6. With two residential units currently occupied by long-term tenants and a commercial unit on the ground floor set to be delivered vacant, this building offers a versatile investment opportunity. The property also comes with approximately 1,200 square feet of additional air rights, providing potential for future development. Conveniently located just a few blocks from public transportation and the bustling Wyckoff Avenue shopping corridor, it presents an appealing option for both owner-users and investors alike. While the building requires some tender loving care, its current CAP rate of over 5.25% and projected CAP rate of 7% to 9% based on the full asking price make it a promising venture.

Total Units: 1

For Sale: 0

For Rent: 0

Building type: Semi-Detached

Commercial Features Interior:

Restrooms - Public
Other

Parking Attributes:

2 Spaces
Detached Garage

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Bushwick

260 St Nicholas Ave, Brooklyn, NY 11237

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