5+1 Mixed-Use Building
198 Wyckoff Avenue
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The building is located directly on Wyckoff Avenue, one of the best and most dynamic retail strips in Brooklyn. It is also just 4 blocks from both the DeKalb Avenue L Station and the MyrtleWyckoff M & L trains. The property offers the rare opportunity to own a free market building with retail frontage on the most prime section of Wyckoff Avenue.
The three-story brick building is 25 ft x 60 ft and consists of 6 total units (5 free-market residential apartments along with a ground floor commercial space). The retail space is owner occupied and will be delivered vacant. After renovation, the property can generate approx. $207K/year in gross income.
The property is ideally located in one of the most desirable locations in Bushwick – on Wyckoff Avenue in very close proximity to both the M and L trains. The retail development in this location has exploded with some of the best restaurants, bars and cafes opening in the immediate vicinity, including: Sally Roots, Hanna Natural Organic Market and Wine Shop, Starbucks, Planet Fitness, Artichoke Pizza, Sea Wolf, Heavy Woods, The Cobra Club, Left Hand Path, Fair Weather Bushwick, Old Stanley’s, GoodYoga, Variety Coffee Shop and Wyckoff Starr Coffee Shop to name a few.