1157 Myrtle Ave
Brooklyn, NY 11206
Immeuble residentiel Propriété À vendre · 10 Unités

CBRE, as exclusive agent, is pleased to offer for sale 1157 Myrtle Avenue (the “Property”), a newly constructed, four-story mixed-use building built in 2018 and benefiting from a 421-a tax exemption through 2053.
The Property occupies an irregular, block-through lot with dual frontage along Myrtle Avenue and Jefferson Street in the vibrant Bushwick neighborhood of Brooklyn.
The 13,000-square-foot building features 10 residential units and one ground-floor retail space. The residential component offers a mix of two-, three-, and four-bedroom layouts, each equipped with stainless-steel appliances, central air, and generously sized bedrooms that comfortably accommodate queen beds. Five units (50%) are rent-stabilized in accordance with 421-a tax exemption requirements, with the potential to convert to free-market status upon expiration of the 421-a benefits.
The property’s retail component spans 3,300 square feet and provides stable income through a lease with Boyfriend Bar running until 2029.
Further value is driven by building amenities available to tenants, including a fitness center, a usable rooftop deck, and a shared laundry room. Residents benefit from unmatched accessibility, with the Myrtle Avenue subway station just steps away—providing a seamless commute to Midtown Manhattan in approximately 30 minutes. This combination of lifestyle features and prime connectivity positions the asset as a highly attractive offering in one of Brooklyn’s most transformative neighborhoods.
1157 Myrtle Avenue represents a compelling opportunity to acquire a newly constructed, mixed-use building with long-term tax benefits, stable retail income, and significant upside through future free-market conversion—all within one of Brooklyn’s high-growth neighborhoods.