Prime Bushwick 4-Family Mixed-Use Investment Opportunity. Seller is motivated and entertaining all offers. 181 Irving Avenue is a fully occupied mixed-use brick property offering a strong combination of in-place income, diversified tenancy, and future development potential in Bushwick, Brooklyn. The property features four residential apartments and two established ground-floor commercial storefronts, providing multiple income streams and an attractive investment profile. The property generates approximately $230,400 in annual gross scheduled income with a preliminary NOI of $190,400. The Yearly Property Taxes are $13,200. The four residential apartments are railroad-style layouts with high ceilings, large windows, hardwood floors, modern finishes, and well-maintained interiors. The total current residential rents is $12,200 per month. The two commercial storefronts are occupied by established neighborhood businesses, including a pet store and coffee shop, with retail leases extending through 2030, providing additional income stability. The pet store lease includes private backyard space, and the coffee shop reimburses one-third of the building's total water expense. The property sits on a 25' 100' lot with approximately 4,875 SF of building area, full basement, private backyard, and R6 zoning. The listing reports approximately 1,198 SF of additional buildable area, providing potential future expansion or development upside, subject to zoning requirements and applicable approvals. The roof is approximately 7 years old, the boiler approximately 7 years old, and the water heater approximately 2 years old. Financially, the property offers approximately $230,400 in annual gross scheduled income, with approximately $40K in total operating expenses and a preliminary NOI of $190,400. At the asking price of $2,790,000, the property offers a preliminary 6.8% cap rate. The combination of strong in-place income, diversified residential and commercial tenancy, retail leases extending through 2030, and additional development potential makes 181 Irving Avenue an attractive opportunity for investors seeking current cash flow and long-term upside. Serious inquiries are invited to request the complete financial package and arrange a private showing. The property may also be considered as a 1031 exchange replacement property, subject to the buyer's tax and legal advisors. All rents, leases, expenses, taxes, zoning, square footage, FAR, tenant obligations, and building conditions should be independently verified by the purchaser. NOI and cap rate are preliminary and are not an appraisal or guarantee of sale price.

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 16, 2026 12:27 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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