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Wyckoff Ave Free Market Mixed-Use Building 195 Wyckoff Ave 4,275 SF 100% Leased Retail Building Brooklyn, NY 11237 $3,000,000 ($701.75/SF)
Investment Highlights
- Offered at a 6.8% Capitalization Rate
- Four Free-Market Residential Units
- All Units Separately Metered
- Gut Renovated Throughout
- High Quality Finishes
- Recently Renovated Retail Space Featuring a Brand-New Diner Concept
Executive Summary
TerraCRG is pleased to exclusively represent ownership in the sale of 195 Wyckoff Avenue, a fully renovated five-unit mixed-use investment property located in the heart of Bushwick on Wyckoff Avenue between Himrod Street and Harman Street.
The three-story plus cellar building comprises approximately 4,275 square feet and features four free-market residential apartments and one ground-floor retail space. The retail space will be occupied by Monday Diner, a new concept from a James Beard nominated chef, slated to open this Summer. The property is Tax Class Protected, offering investors the benefit of favorable tax treatment while maintaining free-market residential income.
Offered at an asking price of $3,000,000, the property is projected to deliver an attractive 6.8% capitalization rate, presenting investors with immediate cash flow from a turnkey asset.
Located in one of Brooklyn's strongest rental markets, the property is well positioned to benefit from the continued growth and transformation of Bushwick, including the arrival of Bushwick’s first Whole Foods Market, further enhancing the neighborhood's retail offerings and long-term investment appeal.
With its renovated condition, free-market residential income, established retail tenancy, and prime location along one of Bushwick's most active commercial corridors, 195 Wyckoff Avenue represents a rare opportunity to acquire a stabilized mixed-use asset with durable cash flow and long-term appreciation potential.
The three-story plus cellar building comprises approximately 4,275 square feet and features four free-market residential apartments and one ground-floor retail space. The retail space will be occupied by Monday Diner, a new concept from a James Beard nominated chef, slated to open this Summer. The property is Tax Class Protected, offering investors the benefit of favorable tax treatment while maintaining free-market residential income.
Offered at an asking price of $3,000,000, the property is projected to deliver an attractive 6.8% capitalization rate, presenting investors with immediate cash flow from a turnkey asset.
Located in one of Brooklyn's strongest rental markets, the property is well positioned to benefit from the continued growth and transformation of Bushwick, including the arrival of Bushwick’s first Whole Foods Market, further enhancing the neighborhood's retail offerings and long-term investment appeal.
With its renovated condition, free-market residential income, established retail tenancy, and prime location along one of Bushwick's most active commercial corridors, 195 Wyckoff Avenue represents a rare opportunity to acquire a stabilized mixed-use asset with durable cash flow and long-term appreciation potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,275 SF
Building Class
C
Year Built
1931
Price
$3,000,000
Price Per SF
$701.75
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.70
Lot Size
0.06 AC
Zoning
R6 / C1-3
Amenities
- Metro/Subway
- Restaurant
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03281-0002 | Improvements Assessment | $286,650 |
| Land Assessment | $102,150 | Total Assessment | $388,800 |
Property Taxes
Parcel Number
03281-0002
Land Assessment
$102,150
Improvements Assessment
$286,650
Total Assessment
$388,800
Contacts
-
Aden Verdun -
Thomas Cutting -
Matthew Cosentino -
Maria D'Angelo -
TerraCRG Brooklyn Commercial Real Estate
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