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888-896 Wyckoff Ave 12,750 SF Retail Building Brooklyn, NY 11237 $5,975,000 ($468.63/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- This is near Irving Square Park.
- Located in Bushwick/Ridgewood, a high-demand creative hub
- Two vacancies offer upside through lease-up or repositioning
- Fully triple-net leased asset with minimal landlord obligations
- Diverse tenant mix including food, retail, and professional services
EXECUTIVE SUMMARY
888 Wyckoff is a 20-unit building situated in a desirable neighborhood between Bushwick and Ridgewood featuring all triple net leases. This building presents a prime investment opportunity due to its low vacancy rate, with only one unoccupied unit, and all tenants in good standing. This property offers the opportunity for steady rental income or significant added value through renovation.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,750 SF
Building Class
B
Year Built
2008
Price
$5,975,000
Price Per SF
$468.63
Cap Rate
8.25%
NOI
$492,716
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.33
Lot Size
0.22 AC
Zoning
M1-1 - M1 - Light industrial with offices, hotels, and most retail uses permitted
Parking
7 Spaces (1.65 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
- Security System
- Signage
Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03393-0051 | Improvements Assessment | $85,950 |
| Land Assessment | $42,750 | Total Assessment | $128,700 |
PROPERTY TAXES
Parcel Number
03393-0051
Land Assessment
$42,750
Improvements Assessment
$85,950
Total Assessment
$128,700
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888-896 Wyckoff Ave
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