181 Irving Ave, Brooklyn, NY, 11237
About This Home
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
Getting Around
Walker's Paradise
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1931
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 7
- Full bathrooms: 4
- 1/2 bathrooms: 3
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 4,875
- Total interior livable area: 4,875 sqft
Property
Details
- Parcel number: 032590003
- Special condition: Resale
Features
- Patio & porch: Other
- Exterior features: Garden
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Earthquake
- Inland Flooding
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $14,481 | $173,772 |
| Home Insurance * | $602 | $7,224 |
| Property Taxes | $1,336 | $16,032 |
| Electricity | $805 | $9,667 |
| Total | $17,224 | $206,688 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-12 | Price change | $2,957,108 |
| 2025-12-27 | Price change | $2,818,000 |
| 2025-10-06 | Price change | $2,775,000 |
| 2025-09-17 | Price change | $2,799,000 |
| 2025-09-03 | Price change | $2,819,000 |
| 2025-08-19 | Price change | $2,879,000 |
| 2024-10-31 | Price change | $2,818,000 |
| 2024-09-26 | Price change | $2,849,000 |
| 2024-07-29 | Price change | $2,879,000 |
| 2024-06-26 | Listed for sale | $2,958,888 |
| 2024-06-15 | Listing removed | -- |
| 2024-05-22 | Price change | $2,979,000 |
| 2024-05-03 | Price change | $3,048,888 |
| 2024-04-15 | Listed for sale | $3,195,000 |
| 2022-08-08 | Listing removed | -- |
| 2022-07-11 | Price change | $3,149,000 |
| 2022-06-24 | Listed for sale | $3,289,000 |
| 2020-11-25 | Listing removed | $2,999,000 |
| 2020-09-05 | Price change | $2,999,000 |
| 2020-08-20 | Price change | $3,095,000 |
| 2020-08-14 | Price change | $3,199,000 |
| 2020-08-01 | Listed for sale | $3,288,000 |
| 2019-08-30 | Sold | $2,610,000 |
| 2019-04-25 | Pending sale | $2,575,000 |
| 2019-03-27 | Listed for sale | $2,575,000 |
| 2005-09-15 | Sold | $770,000 |
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