1259 Broadway - Apartments FOR SALE


Brooklyn, NY 11221- Bushwick
$1,988,000 USD
516-279-8828
1259 Broadway, Brooklyn, NY for Sale
$1,988,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1259 Broadway
Brooklyn, NY 11221
Bushwick


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 100% Occupied 8,400 Sqft. Mixed Use Building For Sale!!!
  • The Property Features Great Exposure, Excellent Signage, 6 Parking Spaces, Strong C4-3 Zoning, High 10’ Ceilings, 6 Apartments, Basement, All New LED
  • The Property Is Located In The Heart Of Bushwick 2 Blocks From The Gates Ave. M Train Station!!!
  • Neighbors Include The Home Depot, Stop & Shop, Dunkin’, Peter Luger Steak House, Walgreens, AutoZone, Pep Boys, Blink Fitness, L.A. Fitness, +++!!!
  • The Store Can Be Delivered Vacant If Need Be!!!
  • This Property Has HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 100% Occupied 8,400 Sqft. Mixed Use Building For Sale!!! The Property Features Great Exposure, Excellent Signage, 6 Parking Spaces, Strong C4-3 Zoning, High 10’ Ceilings, 6 Apartments, Basement, All New LED Lighting, +++!!! The Property Is Located In The Heart Of Bushwick 2 Blocks From The Gates Ave. M Train Station!!! Neighbors Include The Home Depot, Stop & Shop, Dunkin’, Peter Luger Steak House, Walgreens, AutoZone, Pep Boys, Blink Fitness, L.A. Fitness, McDonald’s, Trader Joe’s, Wendy’s, White Castle, Little Caesar’s, Dollar Tree, Family Dollar, +++!!! The Store Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!! Income:  Store (2,500 Sqft. + Full Basement): $100,000 Ann. (Available) Apt. 2R (2 Br. 1 Bath): $6,324 Ann.; M-M; 2% Ann. Inc.; Been Here 25+ Years; Renovated In 2014. Apt. 2L (2 Br. 1 Bath): $8,280 Ann.; M-M; 2% Ann. Inc.; Been Here 10+ Years; Renovated In 2016. Apt. 3L (2 Br. 1 Bath): $7,044 Ann.; M-M; 2% Ann. Inc.; Been Here 35+ Years Apt. 3R (2 Br. 1 Bath): $7,284 Ann.; M-M; 2% Ann. Inc.; Been Here 35+ Years Apt. 4L (2 Br. 1 Bath): $5,208 Ann.; M-M; Rent Freeze; Been Here 50+ Years Apt. 4R (2 Br. 1 Bath): $7,200 Ann.; M-M; 2% Ann. Inc.; Been Here 15+ Years Gross Income: $141,340 Ann. Expenses:  Gas: $7,504 Ann. Electric (Hallway Only): $980 Ann.  Maintenance & Repairs: $250 Ann. Water: $6,300 Ann.  Insurance: $3,838 Ann.  Taxes: $15,317 Ann.  Total Expenses: $34,189 Ann. Net Operating Income (NOI): $107,151 Ann.

FOR SALE DETAILS

PRICE

$1,988,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

6

PRICE/UNIT

$331,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C4-3

APN/PARCEL ID

03293-0068

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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