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Brooklyn, NY 11237 276 Irving Avenue

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  • MLS# 850846
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  • SQFT • 6,200

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Calling All Investors, Developers & End-Users!!! 100% Occupied 8 Unit Apartment Building In Bushwick For Sale!!! The Building Features Excellent Signage, Great Exposure, High 9’ Ceilings, R6/C2-3 Zoning, New Roof, New Boiler, New Stoop, New Sidewalk, Skylight, All New LED Lighting, 6 Parking Spaces, +++!!! The Property Is Located In The Heart Of Bushwick Just Off Myrtle Avenue Only 2-3 Blocks From The L & M Trains!!! Neighbors Include Starbucks, Northwell Health, UPS, CubeSmart Self Storage, Extra Space Storage, Bath & Body Works, Raymour & Flanigan, Shake Shack, CVS, Dunkin’, Taco Bell, Qdoba, Popeye’s Louisiana Kitchen, Subway, White Castle, KFC, +++!!! The Property Offers Easy Access To Manhattan Via The Train & The Williamsburg Bridge!!! This Property Offers HUGE UPSIDE Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!Income:1L (2 Br. Apt.): $27,049.56 Ann.; Lease Exp.: 10/1/25.1R (2 Br. Apt.): $26,929.35 Ann.2L (2 Br. Apt.): $31,258.80 Ann.2R (2 Br. Apt.): $14,651.40 Ann.; 9/30/25.3L (2 Br. Apt.): $24,598.32 Ann.3R (2 Br. Apt.): $20,929.68 Ann.4L (2 Br. Apt.): $23,456.16 Ann.; Lease Exp.: 10/31/25.4R (2 Br. Apt.): $26,799.60 Ann.Billboard Sign: $2,000 Ann. Been Here 10+ Years. M-M.Gross Income: $197,672.87 Ann.Expenses:Gas: $4,872 Ann.Electric: $1,420 Ann.Maintenance/ Repairs: $250 Ann.Insurance: $4,622 Ann.Taxes: $12,839 Ann.Water & Sewer: $8,600 Ann.Total Expenses: $32,603 Ann.Net Operating Income (NOI): $165,069.87 (5.6% Cap)

Interior Features for 276 Irving Avenue

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General for 276 Irving Avenue

Building Area UnitsSquare Feet
Number Of Units Total8

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Gregory Berkowitz

Licensed Real Estate Salesperson
Price $2,950,000
MLS#850846
Property Type Commercial
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