- For Sale $39,500,000
- Property Type Other
- Additional Rent Contact for pricing
- Date Updated Dec 9, 2024
Avison Young, as exclusive agent is pleased to offer for sale the Myrtle - Wyckoff Assemblage (the “Property”), 7 tax lots currently improved by 21 cash flowing retail spaces, located on the intersection of Myrtle Avenue and Wyckoff Street in Bushwick/Ridgewood. The Property currently consists of 72,861 SF of retail space, currently leased and with varying expiration dates.A development scenario for this Property would benefit from two mixed-use buildings, featuring a combined as-of-right 171,492 ZFA of residential, 239,948 ZFA of commercial, and 338,750 ZFA of community facility buildable area.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 7 lots with a lot total of 70,573 SF
- 7 out of 8 lots in the block
- 1,304 feet of combined frontage along Myrtle Avenue, Wyckoff Avenue, and Madison Street
- 21 tenants with a WALT of 3.66 Years
- In-place NOI of $1,821,226
- In-place income assists with asset carry for a potential ULURP process
- Opportunity to revitalize a low-rise retail asset into a master-planned Mixed-Use development
- C4-3 Zoning District allowing for two as-of right developments up to 338,750 SF, of which 171,492 SF can be residential
- Given the transportation access and scale of the opportunity, long-term re-zoning optionality exists
- Existing cash-flow allows for a developer to cover expenses during the pre-construction phase
False
Contacts
Location
Getting Around
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Walk Score ®
98/100
Walker's Paradise
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Transit Score ®
99/100
Rider's Paradise
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Bike Score ®
79/100
Very Bikeable
- City Brooklyn, NY
- Neighborhood Ridgewood
- Market Queens
Points of Interest
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Halsey Street
0.24 miles
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Myrtle–Wyckoff Avenues
0.37 miles
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Stanhope St & Wycoff Ave - SE Corner
0.74 miles
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Stanhope St & Wycoff Ave - NE Corner
0.74 miles
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Knickerbocker Avenue
0.75 miles
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Stanhope St & Wycoff Ave - NW Corner
0.75 miles
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Stanhope St & Wycoff Ave - SW Corner
0.75 miles
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Dekalb Ave & Wycoff Ave - NE Corner
0.83 miles
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Dekalb Ave & Wycoff Ave - SE Corner
0.84 miles
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Dekalb Ave & Wycoff Ave - NW Corner
0.84 miles
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BP
0.50 miles
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Hess
0.54 miles
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Shell
0.95 miles
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American Gas
1.00 miles
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Citgo
1.07 miles
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Sunoco
1.16 miles
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Pure Energy
1.44 miles
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Exxon
1.48 miles
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Tesla Supercharger
2.07 miles
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Revel
2.36 miles
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Stop & Shop Parking
0.74 miles
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MMP Parking LLC
0.83 miles
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Havens Place Lot
1.56 miles
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School bus parking
1.80 miles
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Connoly's Parking Lot
2.12 miles
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Private Parking Lot
2.93 miles
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FDNY Fleet Services
3.16 miles
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Parking Area C
3.34 miles
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West Side Tennis Club parking lot
3.35 miles
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Cielo Garage
3.40 miles
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Red Carpet Inn
0.23 miles
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casa reservada para vacaciones
0.54 miles
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Marina Hotel
1.07 miles
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Holiday Inn Express
1.27 miles
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Artel 535
1.29 miles
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hull
1.32 miles
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Hotel Bogart Street, Brooklyn
1.51 miles
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Latisha Luxury Place
1.55 miles
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Hotel Omega
1.55 miles
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New York Loft Hostel
1.56 miles
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XOXO Kitchen and Diner
0.02 miles
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Bella Sera Pizza
0.08 miles
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Barker & Sons
0.09 miles
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La Flor Del Paraiso
0.10 miles
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Yummy Chinese
0.10 miles
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San Remo
0.11 miles
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Ltauha Restaurant
0.12 miles
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Nepalese and Indian Restaurant
0.12 miles
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New Texas Chicken and Grill
0.12 miles
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Ridgewood Eats
0.12 miles
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Robco Kid Care
0.19 miles
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Saint Matthias School
0.25 miles
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Supermoon Community Art Space
0.29 miles
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BM Pottery Studio NY
0.32 miles
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Minnie's Family Daycare
0.37 miles
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Bushwick High School
0.39 miles
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Bushwick High School for Social Justice
0.40 miles
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P.S. 68Q
0.41 miles
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New York Harbor School
0.41 miles
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Saint Martins School
0.43 miles
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Little Einstein's Daycare
0.60 miles
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Audrey Johnson Day Care Center
0.65 miles
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People's Daycare
1.07 miles
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Precious Moments
1.59 miles
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Tender Tots
1.83 miles
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Friends of Crown Heights Educational Center
2.06 miles
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Premier Stepping Stones Child Care
2.19 miles
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Simcha Tots
2.37 miles
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Brooklyn Kids Academy
2.46 miles
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Our Children The Leaders of Tomorrow
2.49 miles
Frequently Asked Questions
The space currently listed for sale at Myrtle-Wyckoff Assemblage asks for $39,500,000.
Myrtle-Wyckoff Assemblage totals 72,861 square feet.
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