6 Unit Mixed-Use Building
126 Wyckoff Avenue
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TerraCRG has been retained to exclusively represent ownership in the sale of the mixed-use building located at 126 Wyckoff Avenue in the Bushwick neighborhood of Brooklyn. The building is located directly on Wyckoff Avenue, between Stanhope Street and Stockholm Street.
The three-story brick building is 25 ft x 63 ft, 4,725 SF, and consists of four residential units and two commercial units. Two of the residential units are vacant, one of which is renovated. After renovation, the property has the potential to generate an annual income of ~$180,496 and a projected NOI of ~145,101.
The property is ideally located in one of the most desirable locations in Bushwick. It is on the same block as the DeKalb Avenue L Station, in very close proximity to the Myrtle-Wyckoff M and L trains and across the street from Wyckoff Heights Hospital making the ground floor extremely desirable for medical office and retail use. The retail development in this location has exploded with some of the best restaurants, bars and cafes opening in the area, including: 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 to name a few.