Wyckoff Ave Free Market Mixed-Use Building | Bushwick

Highlights:

• Approximately 4,275 SF Three Stories + Full Cellar
• Four Free-Market Residential Units
• High Quality Finishes
• All Units Separately Metered
• Recently Renovated Retail Space Featuring a Brand-New Diner Concept
• Tax Class Protected
• Gut Renovated Throughout
• Offered at a 6.8% Capitalization Rate
• Prime Bushwick Location on Wyckoff Avenue

Description:

TerraCRG is pleased to exclusively represent ownership in the sale of 195 Wyckoff Avenue, a fully renovated five-unit mixed-use investment property located in the heart of Bushwick on Wyckoff Avenue between Himrod Street and Harman Street.

The three-story plus cellar building comprises approximately 4,275 square feet and features four free-market residential apartments and one ground-floor retail space. The retail space will be occupied by Monday Diner, a new concept from a James Beard nominated chef, slated to open this Summer. The property is Tax Class Protected, offering investors the benefit of favorable tax treatment while maintaining free-market residential income.

Offered at an asking price of $3,000,000, the property is projected to deliver an attractive 6.8% capitalization rate, presenting investors with immediate cash flow from a turnkey asset.

Located in one of Brooklyn's strongest rental markets, the property is well positioned to benefit from the continued growth and transformation of Bushwick, including the arrival of Bushwick’s first Whole Foods Market, further enhancing the neighborhood's retail offerings and long-term investment appeal.

With its renovated condition, free-market residential income, established retail tenancy, and prime location along one of Bushwick's most active commercial corridors, 195 Wyckoff Avenue represents a rare opportunity to acquire a stabilized mixed-use asset with durable cash flow and long-term appreciation potential.