293 Wyckoff Avenue — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Brooklyn, NY 11237

Investment Figures

Cap rate
7.30%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer 293 Wyckoff Avenue, an opportunity to acquire a mixed-use asset in the heart of Bushwick, Brooklyn, featuring stable residential cash flow, strong retail frontage, and future upside through mark-to-market growth and additional air rights. Situated along the active Wyckoff Avenue corridor, the property consists of six total units across approximately 4,275 square feet, including four free-market residential apartments and two ground-floor commercial spaces. Positioned on a 25’ x 102.67’ lot with R6 / C1-3 zoning, the property also benefits from approximately 1,372 square feet of additional air rights, creating long-term value through potential expansion or redevelopment optionality. The building’s low expense ratio of approximately 19% and favorable Tax Class 2A designation further enhance operational efficiency and investment stability. Investment Highlights: • 293 Wyckoff Avenue, built in 1931, is a 6-unit mixed-use asset, spanning 3 stories, approx. 4,275 SF. • Tax Class: 2A | Zoning: R6, C1-3 | 100% FM • 293 Wyckoff Avenue benefits from Bushwick's thriving restaurant, nightlife, and arts scene, as well as convenient access to public transportation and neighboring Williamsburg & Ridgewood.

Market Context

This mixed use in Brooklyn, NY is listed for sale. It is offered at an approximate 7.3% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 85 days. Compare it against other mixed use listings for sale in Brooklyn, NY — view the full market.

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