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283 Wyckoff Ave 4,200 SF 100% Leased Retail Building Brooklyn, NY 11237 $2,600,000 ($619.05/SF) 6.81% Cap Rate
INVESTMENT HIGHLIGHTS
- Located just 2 blocks from the M/L Myrtle- Wyckoff station
- Many shops and restaurants in the area
- Bushwick is up and coming
- Heavy foot traffic
- Great Investment Opportunity
- Corner Property
EXECUTIVE SUMMARY
Prime mixed-use corner building at 283 Wyckoff
Avenue, Brooklyn—featuring a ground-floor retail
space, four free market apartments, and two garages. Located just 2 blocks from the M/L Myrtle-
Wyckoff station, this high-visibility property
generates strong rental income with upside
potential from vacant units. Offering a CAP rate of
6.81% and NOI of $177,000, it’s a rare investment
opportunity in one of Brooklyn’s fastest-growing
neighborhoods.
Avenue, Brooklyn—featuring a ground-floor retail
space, four free market apartments, and two garages. Located just 2 blocks from the M/L Myrtle-
Wyckoff station, this high-visibility property
generates strong rental income with upside
potential from vacant units. Offering a CAP rate of
6.81% and NOI of $177,000, it’s a rare investment
opportunity in one of Brooklyn’s fastest-growing
neighborhoods.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,200 SF
Building Class
C
Year Built
1931
Price
$2,600,000
Price Per SF
$619.05
Cap Rate
6.81%
NOI
$177,060
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.93
Lot Size
0.05 AC
Zoning
R6,Brooklyn - R6, C1-3
Parking
2 Spaces (0.48 Spaces per 1,000 SF Leased)
Frontage
39’ on Wyckoff Ave
AMENITIES
- Corner Lot
- Restaurant
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03329-0008 | Improvements Assessment | $285,300 |
| Land Assessment | $100,800 | Total Assessment | $386,100 |
PROPERTY TAXES
Parcel Number
03329-0008
Land Assessment
$100,800
Improvements Assessment
$285,300
Total Assessment
$386,100
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283 Wyckoff Ave
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