Log In/Sign Up
Your email has been sent.
136 Irving Ave
Brooklyn, NY 11237
136 & 142 Irving Avenue · Multifamily Property For Sale
Investment Highlights
- 136 & 142 Irving Avenue are two contiguous 4-story mixed-use buildings located in the heart of Bushwick, Brooklyn
- The buildings sit on a high-visibility stretch of Irving Avenue with excellent foot traffic and convenient access to the L train
- Total building area is approximately 14,000 SF, of which ±3,500 SF is ground-floor retail
- The assets total 15 residential apartments and 4 ground-floor retail stores, delivering strong in-place cash flow with clear upside in the commercial
- Bushwick continues to attract strong residential demand from young professionals and creatives while supporting a growing retail corridor
- The properties benefit from protected tax class status (Class 2b), providing meaningful insulation against sharp assessment increases
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 136 & 142 Irving Avenue are two contiguous 4-story mixed-use buildings located in the heart of Bushwick, Brooklyn. The assets total 15 residential apartments and 4 ground-floor retail stores, delivering strong in-place cash flow with clear upside in the commercial component.
• 136 Irving Avenue: 8 apartments & 2 stores
• 142 Irving Avenue: 7 apartments & 2 stores
The buildings sit on a high-visibility stretch of Irving Avenue with excellent foot traffic and convenient access to the L train (Dekalb Avenue station) and nearby M train service. Bushwick continues to attract strong residential demand from young professionals and creatives while supporting a growing retail corridor of local shops, cafés, and service tenants. Total building area is approximately 14,000 SF, of which ±3,500 SF is ground-floor retail. The properties benefit from protected tax class status (Class 2b), providing
meaningful insulation against sharp assessment increases.
This is a rare opportunity to acquire a well-located, cash-flowing mixed-use package in Bushwick with both defensive characteristics
(protected tax class + residential income) and clear upside in the commercial rents
• 136 Irving Avenue: 8 apartments & 2 stores
• 142 Irving Avenue: 7 apartments & 2 stores
The buildings sit on a high-visibility stretch of Irving Avenue with excellent foot traffic and convenient access to the L train (Dekalb Avenue station) and nearby M train service. Bushwick continues to attract strong residential demand from young professionals and creatives while supporting a growing retail corridor of local shops, cafés, and service tenants. Total building area is approximately 14,000 SF, of which ±3,500 SF is ground-floor retail. The properties benefit from protected tax class status (Class 2b), providing
meaningful insulation against sharp assessment increases.
This is a rare opportunity to acquire a well-located, cash-flowing mixed-use package in Bushwick with both defensive characteristics
(protected tax class + residential income) and clear upside in the commercial rents
Property Facts
| Price / SF | $352.62 / SF | Number of Properties | 2 |
| Cap Rate | 7.40% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 11,911 SF |
| Status | Active | Total Land Area | 0.12 AC |
| Price / SF | $352.62 / SF |
| Cap Rate | 7.40% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,911 SF |
| Total Land Area | 0.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 142 Irving Ave, Brooklyn, NY 11237 | Multifamily | 6,227 SF | 1931 | - |
| 136 Irving Ave, Brooklyn, NY 11237 | Multifamily | 5,684 SF | 1931 | - |
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
