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Faits saillants de l'investissement
- 136 & 142 Irving Avenue are two contiguous 4-story mixed-use buildings located in the heart of Bushwick, Brooklyn
- The buildings sit on a high-visibility stretch of Irving Avenue with excellent foot traffic and convenient access to the L train
- Total building area is approximately 14,000 SF, of which ±3,500 SF is ground-floor retail
- The assets total 15 residential apartments and 4 ground-floor retail stores, delivering strong in-place cash flow with clear upside in the commercial
- Bushwick continues to attract strong residential demand from young professionals and creatives while supporting a growing retail corridor
- The properties benefit from protected tax class status (Class 2b), providing meaningful insulation against sharp assessment increases
Résumé de l'annonce
Investment Property Realty Group (IPRG) has been exclusively retained to sell 136 & 142 Irving Avenue are two contiguous 4-story mixed-use buildings located in the heart of Bushwick, Brooklyn. The assets total 15 residential apartments and 4 ground-floor retail stores, delivering strong in-place cash flow with clear upside in the commercial component.
• 136 Irving Avenue: 8 apartments & 2 stores
• 142 Irving Avenue: 7 apartments & 2 stores
The buildings sit on a high-visibility stretch of Irving Avenue with excellent foot traffic and convenient access to the L train (Dekalb Avenue station) and nearby M train service. Bushwick continues to attract strong residential demand from young professionals and creatives while supporting a growing retail corridor of local shops, cafés, and service tenants. Total building area is approximately 14,000 SF, of which ±3,500 SF is ground-floor retail. The properties benefit from protected tax class status (Class 2b), providing
meaningful insulation against sharp assessment increases.
This is a rare opportunity to acquire a well-located, cash-flowing mixed-use package in Bushwick with both defensive characteristics
(protected tax class + residential income) and clear upside in the commercial rents
• 136 Irving Avenue: 8 apartments & 2 stores
• 142 Irving Avenue: 7 apartments & 2 stores
The buildings sit on a high-visibility stretch of Irving Avenue with excellent foot traffic and convenient access to the L train (Dekalb Avenue station) and nearby M train service. Bushwick continues to attract strong residential demand from young professionals and creatives while supporting a growing retail corridor of local shops, cafés, and service tenants. Total building area is approximately 14,000 SF, of which ±3,500 SF is ground-floor retail. The properties benefit from protected tax class status (Class 2b), providing
meaningful insulation against sharp assessment increases.
This is a rare opportunity to acquire a well-located, cash-flowing mixed-use package in Bushwick with both defensive characteristics
(protected tax class + residential income) and clear upside in the commercial rents
Faits sur la propriété
| Prix | 5 886 132 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 494,18 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 7,40% | Taille totale du bâtiment | 11 911 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,12 AC |
| Statut | Actif |
| Prix | 5 886 132 $ CAD |
| Prix/pi² | 494,18 $ CAD / pi² |
| Taux de capitalisation | 7,40% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 11 911 pi² |
| Superficie totale du terrain | 0,12 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 142 Irving Ave, Brooklyn, NY 11237 | Immeuble residentiel | 6 227 pi² | 1931 | - |
| 136 Irving Ave, Brooklyn, NY 11237 | Immeuble residentiel | 5 684 pi² | 1931 | - |
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136 & 142 Irving Avenue
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