Myrtle-Wyckoff Assemblage

For Sale

54-00 Myrtle Avenue, Brooklyn, NY

This Brooklyn property for sale is located at 54-00 Myrtle Avenue. The current listed sale price for Myrtle-Wyckoff Assemblage is $39,500,000.

Contacts

broker
James Nelson

Avison Young - US - NY - New York

broker
Erik Edeen

Avison Young - US - NY - New York

broker
Patrick Madigan

Avison Young - US - NY - New York

broker
Fritz Richter

Avison Young - US - NY - New York

broker
Joseph Moran

Avison Young - US - NY - New York

Property Details

  • Property Type Other
  • Additional Rent Contact for pricing
  • Date Updated Dec 20, 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.

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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

Getting around

  • 98/100

    Walk Score ®

  • 99/100

    Transit Score ®

  • 79/100

    Bike Score ®

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Location

  • City Brooklyn, NY
  • Neighborhood Ridgewood
  • Market Queens

Points of Interest

  • Halsey Street

    0.24 miles

  • Myrtle–Wyckoff Avenues

    0.37 miles

  • Stanhope St & Wycoff Ave - SE Corner

    0.74 miles

  • Stanhope St & Wycoff Ave - NE Corner

    0.74 miles

  • Knickerbocker Avenue

    0.75 miles

  • Stanhope St & Wycoff Ave - NW Corner

    0.75 miles

  • Stanhope St & Wycoff Ave - SW Corner

    0.75 miles

  • Dekalb Ave & Wycoff Ave - NE Corner

    0.83 miles

  • Dekalb Ave & Wycoff Ave - SE Corner

    0.84 miles

  • Dekalb Ave & Wycoff Ave - NW Corner

    0.84 miles

  • BP

    0.50 miles

  • Hess

    0.54 miles

  • Shell

    0.95 miles

  • American Gas

    1.00 miles

  • Citgo

    1.07 miles

  • Sunoco

    1.16 miles

  • Pure Energy

    1.44 miles

  • Exxon

    1.48 miles

  • Tesla Supercharger

    2.07 miles

  • Revel

    2.36 miles

  • Stop & Shop Parking

    0.74 miles

  • MMP Parking LLC

    0.83 miles

  • Havens Place Lot

    1.56 miles

  • School bus parking

    1.80 miles

  • Connoly's Parking Lot

    2.12 miles

  • Private Parking Lot

    2.93 miles

  • FDNY Fleet Services

    3.16 miles

  • Parking Area C

    3.34 miles

  • West Side Tennis Club parking lot

    3.35 miles

  • Cielo Garage

    3.40 miles

  • Red Carpet Inn

    0.23 miles

  • casa reservada para vacaciones

    0.54 miles

  • Marina Hotel

    1.07 miles

  • Holiday Inn Express

    1.27 miles

  • Artel 535

    1.29 miles

  • hull

    1.32 miles

  • Hotel Bogart Street, Brooklyn

    1.51 miles

  • Latisha Luxury Place

    1.55 miles

  • Hotel Omega

    1.55 miles

  • New York Loft Hostel

    1.56 miles

  • Billy's Market Place

    0.04 miles

  • Associated Supermarket

    0.10 miles

  • Himalaya Food Market

    0.10 miles

  • Telco Stores

    0.23 miles

  • M T Discount

    0.24 miles

  • Liberty Department Stores

    0.25 miles

  • Food Bazaar Supermarket

    0.25 miles

  • Extreme Department Store

    0.29 miles

  • Good Neighbors Supermarket

    0.32 miles

  • ABC Super Stores

    0.32 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Myrtle-Wyckoff Assemblage