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for saleRealtyLens property overview
$2,957,108
181 Irving Ave
Brooklyn, NY, 11237
View more Brooklyn, NY property pages4Beds
5Baths
4,875Sqft
$607$/sqft
Listing Notes
INVESTMENT PROPERTY/1031 EXCHANGE: I am pleased to present this great opportunity to purchase this well-maintained mixed use building for sale at a 5.88% capitalization rate. The High Net Operating income of $173, 878 is ideal for a 1031 exchange. The building is 25' x 65' on a 25' x 100' lot. The 3 story brick building is fully occupied. The current square feet is 4, 875 (with additional buildable square feet of approximately 1, 198 square feet, and 1200 air rights to be discussed with your architect). The building and all 6 units are in great condition, with new wood floors. There are 4 modern residential (1 bedroom) apartments above 2 commercial ground level storefronts. The modern, clean, finished basement with tiles is great for storage. This area is characterized by populated young professionals, and rapidly diversifying population with high pedestrian activity driven by its proximity to major transit hubs and local commercial hot spots. The 2 storefronts are in what is described as Bushwick's trendiest section, in huge demand by franchises due to its demographics, and high visibility. The building is in 1 block proximity to the train station, has a paradise walk score 100/100, and is in close proximity to Wyckoff Heights Hospital, Myrtle Avenue, and Kinickboker Ave. The building itself houses two popular community destinations: Bushwick Bark and Werkshop Coffee Co. The fully occupied building is in excellent buy as 1031 exchange or investment. In addition, the modern, clean finished basement with tiles is great for storage. (Photos will be posted soon) Seller is open to hear ALL reasonable offers. Please contact Maryann Giraramita for additional information
Market Insights
Below nearby median-11%
$607/sqft vs a nearby median of $684/sqft.
Nearby median$684/sqft
Nearby properties12
Property size4,875 sqft
- -11% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 4,875 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$3.48M$3.20M – $3.77M · 57% confidence
vs ask $2.96M−$528k (−17.9%)
Asking price is about 17.9% below the fair value — likely to draw competing offers if it's still on market.
$684/sqft median across 7 tight comps × 4,875 sqft= $3.33M
- Transit access+$83k +2.5%
- Pre-war character+$83k +2.5%
- Visible condition issues−$17k −0.5%
Cumulative NYC adjustments+$150k+4.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 30 days
- Last price change
- No change recorded
- Listed
- Apr 12, 2026
- Photos
- 3 photos
- Property type
- single family
- Status
- for sale
Features & Amenities
BasementTwo Or More StoriesRental PropertyInvestment OpportunityHardwood FloorsDenMedicalcare
Building Facts
- Year built
- 1931
- Stories
- 3
- Total units
- 6
- Residential units
- 4
- Building area
- 4,875 sqft
- Lot size
- 2,500 sqft
- Land use
- Mixed residential and commercial buildings
- Building class
- S9
From NYC public records where available.
Price History
May 4, 2026Initial record
$2,957,108for sale
Public Records
DOB violations1 open
8 total recorded against the building
HPD violations0 open
77 total recorded
ACRIS documents33
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)27,921
Top: illegal parking
Top complaint types in ZIP 11237
- Illegal Parking3,351
- Noise - Street/Sidewalk3,250
- Noise - Residential2,735
- Blocked Driveway1,734
- Noise - Commercial1,619
Recent DOB
- Nov 8, 2019V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Apr 6, 2018V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Feb 24, 2017V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Jan 31, 2005V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Recent HPD
- May 2, 2025Class C · § 27-2005 ADM CODE & 309 M/D LAW ABATE THE NUISANCE CONSISTING OF HOT WATER EXCEEDING THE MAXIMUM TEMPERATURE OF 130 DEGREES AT ALL HOT WATER FIXTURES IN THE ENTIRE APARTMENT LO...
- Apr 12, 2025Class C · § 27-2044, 2041.1 HMC: §238 MDL and 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING THE DOORS THAT IS MISSING OR DEFECTIVE HINGES IN THE ENTRANCE LOCATED AT APT 2L, 2nd STOR...
- Apr 12, 2025Class B · § 27-2045 ADM CODE REPAIR OR REPLACE THE SMOKE DETECTOR MISSING IN THE ENTIRE APARTMENT LOCATED AT APT 2L, 2nd STORY, 1st APARTMENT FROM WEST AT NORTH
- Apr 12, 2025Class B · § 27-2046.1 HMC: REPAIR OR REPLACE THE CARBON MONOXIDE DETECTING DEVICE(S). MISSING IN THE ENTIRE APARTMENT LOCATED AT APT 2L, 2nd STORY, 1st APARTMENT FROM WEST AT NORTH
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.