SOLDMixed-use
Gus Reckel Sells Mixed-use Property At 1524 Myrtle Avenue Brooklyn For $2.65M With Daniel Barcelowsky As The Broker
1524 Myrtle Avenue
$2,650,000
$634/SF
Building Size
4,180 SF
Asset Type
Mixed-use
Closing
Oct 1, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 1524 Myrtle Avenue in Brooklyn. It consists of one commercial unit and four residential units, totaling approximately 4,180 square feet. The sale was finalized for a price of $2,650,000, translating to a price per unit of $530,000 and a price per square foot of $633.
Summary of transaction details:
- Property Type: Mixed-use (1 Commercial & 4 Residential)
- Transaction Amount: $2,650,000
- Units: 5
- Square Footage: 4,180
- Price Per Unit: $530,000
- Price Per Square Foot: $633
- Seller: Gus Reckel
- Broker: Daniel Barcelowsky - Evergreen Realty & Investments
Daniel Barcelowsky of Evergreen Realty & Investments represented the seller in this transaction. The broker noted that after unsuccessful attempts to sell with other firms, the owners engaged EVRG, leading to a cash offer being attracted through a targeted sales strategy, resulting in a quick contract within months of the property being listed.
On the Map
$2,650,000
$634/SF
Mixed-use
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Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93