1501 Broadway - Apartments FOR SALE


Brooklyn, NY 11221- Bushwick
$2,750,000 USD
716-604-5763
1501 Broadway, Brooklyn, NY for Sale
$2,750,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1501 Broadway
Brooklyn, NY 11221
Bushwick


HIGHLIGHTS

  • 4-Story Brick Building | Approx. 7,625 Gross Square Feet
  • 4 Free Market Apartments | 1 Commercial Store Front
  • 2 Minutes to Halsey J & Z Train Station
  • Value Add | Under Market Apartments
  • 1,800 SF Finished Basement
  • Opportunity to Increase Income 39%

OVERVIEW

Matthew Peters & Michael Ettedgui, with The Peters Team at Marcus & Millichap, are pleased to present the exclusive listing for the property located at 1501 Broadway, in the Bushwick section of Brooklyn, NY. Property Details: Stories: 4 + Basement Dimensions: 25 feet wide along Broadway & 80 feet deep Lot Size: 25 feet by 80 feet. Block: 03380; Lot: 0003 Square Footage: Approximately 7,625 square feet Tax Class: 2A (Protected) Status: Free Market Layout: Basement: Mechanicals | Room For Storage | 1 Bathroom | Office – 1,800 SF Ground Floor: 1 Commercial Unit | Back Room Convenience Store– 1,500 SF 5% Increases After 2026 Back Room Studio – Bathroom | 2 Closets | Staircase Leading to Unit 2 – 400 SF (Vacant) Second Floor: 1 Apartment- Unit 2 Floor Through Apartment – 1,600 SF Private Patio 4 Bedroom | 1 Bathroom Third Floor: 2 apartments – Units 3R | 3L 3R - 2 Bedroom | 1 Bathroom – 800 SF 3L – 2 Bedroom | 1 Bathroom – 800 SF Fourth Floor: 1 Apartment- Unit 4 Floor Through Apartment – 1,600 SF 4 Bedroom | 2 Bathroom Investment Opportunity: The building is currently cash flowing w/ 4 Free Market units & 1 Commercial Room to Increase Rents, Separate Heat & Add Bedrooms or Additional Units Potential to Split Floor Through Units & Duplex 3rd Floor Units into 2nd & 4th Floors Location: Located in Bushwick, Brooklyn, NY Within walking distance to the J & Z Train Lines

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

4

PRICE/UNIT

$687,500

CAP RATE

Request Cap Rate

% LEASED

100%

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

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6, C1-3

APN/PARCEL ID

03380-0003

ASK ABOUT THIS PROPERTY

Matthew PetersMarcus & MillichapMore Info
716-604-5763

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

Matthew PetersMarcus & MillichapMore Info
716-604-5763

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