Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

201 Irving Ave 5,100 SF 100% Leased Retail Building Brooklyn, NY 11237 $2,282,577 CAD ($447.56 CAD/SF) 3.23% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Nestled in the heart of Prime Bushwick.
Location is surrounded by vibrant retail and dining corridors.
Compelling Value-Add Upside

Just two blocks from the L train and a few blocks from Maria Hernandez Park.
Perfectly situated to attract both renters and investors.

EXECUTIVE SUMMARY

Marcus & Millichap - New York Multifamily is pleased to present 201 Irving Avenue, a five-unit mixed-use property located in Brooklyn, NY. Comprising four free market residential units—each with railroad two-bedroom layouts—and one 1,250 square foot commercial space and 4 rear garages (separate tax lot at 277 Himrod Street), the asset totals 5,100 gross square feet. All residential units are currently occupied with MTM rents well below market, providing immediate upside through repositioning. The ground floor deli tenant, A & O Grocery Corp, is secured on a long-term lease, offering stable cash flow and upside upon renewal. The retail space boasts a walk-in freezer and has subgrade storage in the cellar. The assets combine to a 2,000 square-foot lot and benefit from R6 Zoning in a highly walkable Brooklyn location primed for both residential and retail demand growth. This asset is ideally suited for hands-on investors seeking value-add upside and durable cash flow in Brooklyn’s competitive mixed-use landscape.