HIGHLIGHTS
- The ground-floor commercial space (1,035) is on a M-T-M lease, offering an owner-user opportunity on one of the most foot traffic corners in Brooklyn
- All 9 residential units are free market, offering an investor full flexibility to set rents at market rate — an increasingly rare find in Bushwick
- 861 Broadway commands a highly visible corner position on one of Bushwick's most active commercial corridors
- The property generates $470,484 in gross annual income with an NOI of $355,226, providing immediate and stable cash flow from day one
- The ground-floor retail space (1,035 SF) is currently leased at $7,132/month on a month-to-month basis
- Located near the J & M subway lines, providing residents with direct access to Williamsburg and Manhattan in under 25 minute
FOR SALE DETAILS
PRICE
$4,500,000 USD
PRICE/SF
$545 USD /SF
# OF UNITS
9
PRICE/UNIT
$500,000
CAP RATE
7.89%
% 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
0.06 AC
LAND SF
2,483 SF
ZONING
C8-2
APN/PARCEL ID
03135-0008
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914-561-8609
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914-561-8609
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