914-584-7422
992 Broadway, Brooklyn, NY for Sale
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

992 Broadway
Brooklyn, NY 11221
Stuyvesant Heights


HIGHLIGHTS

  • Large Residential Unit Layouts: Corner exposure allows for ideal unit layouts, with upper floors consisting of four floor-through 4 Bedroom / 4 Bath
  • 100% Free Market: The subject property is fully free-market with no history of rent stabilization or rent control
  • Strong Cash Flow: Currently grossing $400K with low taxes and separate utilities, resulting in healthy net operating income of $335K
  • Renovated With High-End Finishes: The buildings are fully renovated with high-end appliances and fixtures, dishwashers, central air, in-unit laundry
  • Available Air Rights: The properties are zoned C4-4L (R7A residential equivalent), with 7,250+ SF of unused air rights for upward or outward expansion
  • Transit Oriented Location: The J / M / Z trains are just two blocks away at Myrtle Avenue with access to Lower Manhattan and Broadway Junction

OVERVIEW

Broker of Record Cory Rosenthal License # 10311210106, 10991237833 (NY) Matthews Real Estate Investment Services, Inc 575 5th Ave., Ste 2810 New York, NY 10017 (866) 889-0550

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

992-994 Broadway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C4-4L

APN/PARCEL ID

01590-0013

ASK ABOUT THIS PROPERTY

DJ JohnstonMatthews Real Estate Investment ServicesMore Info
914-584-7422

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DJ JohnstonMatthews Real Estate Investment ServicesMore Info
914-584-7422

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