1501 Broadway - Apartments FOR SALE


Brooklyn, NY 11221- Bushwick
$2,595,000 USD
917-859-5332
1501 Broadway, Brooklyn, NY for Sale
$2,595,000 USD
Apartments - FOR SALE
1/13
null | 6.95% Cap Rate

1501 Broadway
Brooklyn, NY 11221
Bushwick


HIGHLIGHTS

  • Upside opportunity
  • Commercial space leased
  • Prime location close to subway

OVERVIEW

Exceptional investment opportunity in Bushwick. This mixed-use property features one commercial space with a lease secured until 2032 and four residential units. Currently delivering a 7% cap rate, this property presents potential for increased returns. With strategic improvements or layout modifications, the cap rate could easily exceed 8%.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

5

PRICE/UNIT

$519,000

CAP RATE

6.95%

% 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

Tatiana ShreiderCompassMore Info
917-859-5332

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Tatiana ShreiderCompassMore Info
917-859-5332

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