1079 Broadway - Apartments FOR SALE


Brooklyn, NY 11221- Bushwick
$4,200,000 USD
413-454-7782
1079 Broadway, Brooklyn, NY for Sale
$4,200,000 USD
Apartments - FOR SALE
1/16
null | 6.04% Cap Rate

1079 Broadway
Brooklyn, NY 11221
Bushwick


OVERVIEW

MySpaceNYC has been retained on an exclusive basis to arrange for the sale of 1079 Broadway Brooklyn, a four-story, fully occupied, mixed-use building in the trendy Bushwick neighborhood of Brooklyn. 1079 Broadway is comprised of four floors plus cellar. The ground floor and cellar is occupied by a single tenant operating a restaurant and bar. Santa Panza is an established tenant since 2015, and has recently signed a new 10 year lease at market value. The second, third, and fourth floors each have two 1-bedroom apartments. All apartments are free-market rents and not subject to rent stabilization. The building has been gut renovated and meticulously maintained by current ownership, and has maintained strong, market paying tenants over the years. Among the buildings attractive features include a roof deck, building laundry, private storage for each tenant, dishwashers, and oak frames. Please contact Jeff with any questions or to view

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$812 USD /SF

# OF UNITS

7

PRICE/UNIT

$600,000

CAP RATE

6.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6, C2-3

APN/PARCEL ID

03229-0047

ASK ABOUT THIS PROPERTY

Jeff GoncalvesMySpace NYCMore Info
413-454-7782

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Jeff GoncalvesMySpace NYCMore Info
413-454-7782

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.