718-395-1877
911 Broadway, Brooklyn, NY for Sale
Storefront Retail/Residential - FOR SALE
1/2
null | 7.4% Cap Rate

911 Broadway
Brooklyn, NY 11206
Bushwick


HIGHLIGHTS

  • ~7.4% In-Place Cap Rate
  • Offered at $495/SF
  • Separate Heat & Tax Abatement
  • Strong Retail Location
  • Close Proximity to J, M, Z, and G Trains

OVERVIEW

TerraCRG has been retained to exclusively represent ownership in the sale of 911 Broadway, a large brand-new mixed-use building, located in the Bushwick neighborhood of Brooklyn. At asking price, the property is ~7.4% Cap and $495/SF for a building that has no deferred maintenance and does not need any upgrades. The 5-story 7,775 SF property is fully occupied with a total of 8 units, comprised of 7 residential units and 1 retail space. The building consists of 4 three-bedroom units, 2 two-bedroom units and a studio penthouse apartment. The retail space is occupied by an upscale West African fusion restaurant. The property has very low expenses as the heat is separated and the property has a J-51 tax abatement that expires in 2032. Currently the property has a gross income of $331,901/year. Located less than one block from the Myrtle Avenue train station serviced by the J, M & Z trains, this property benefits from the multiple nearby transit options that not only allow easy access to both Williamsburg and Union Square in minutes but also attract creatives from all over the world to explore Bushwick.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

7.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

~7.4% Cap New Construction Building, 8 Units

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

R6

APN/PARCEL ID

03150-0006

ASK ABOUT THIS PROPERTY

Remi NorrisTerraCRG Brooklyn Commercial Real EstateMore Info
718-395-1877

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Remi NorrisTerraCRG Brooklyn Commercial Real EstateMore Info
718-395-1877

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