93 days Back

1501 Broadway, Brooklyn, NY 11221

  • 0 Bedrooms
  • 5 Bathrooms
  • 8,500 sqft

Value Estimates

Fair Condition
$2,803,125
Good Condition
$2,921,000
Excellent Condition
$2,935,375

About

Don't miss this exceptional opportunity at a 7% projected cap rate to acquire a Free Market, 5-unit mixed-use building situated at the crossroads of two of the most trendy neighborhoods in Brooklyn: Bushwick and Bedford-Stuyvesant. Positioned on Broadway, a bustling corridor with high and diverse foot traffic, this expansive property occupies a 25ft x 80ft lot and boasts over 8500 square feet of rentable space. Of this, 1500+ square feet are dedicated to a fully leased commercial store, while the remaining area comprises of four oversized and lofty residential units with potential for rent increases. Additionally, beneath the commercial section lies an additional 1500 square feet, offering potential rent as storage space, a laundry facility, or flexible space. With diligent upkeep over the years, this property stands as a great turnkey investment opportunity. Situated along the vibrant street of Broadway and adjacent to the J train (Halsey Station), it promises to be a valuable asset in any investment portfolio, delivering steady income and long-term appreciation.

General Information

0 beds
8,500 Sq Ft
MultiFamily
1925
Active
5 baths
25.00 Sq Ft Lot
2
93 Days on Market

Listing Details

Walk-up, Multi-Unit (5+) - Brooklyn, NY
NYSMLS
My State MLS
11241260
Oxford Property Group (Broker)
ListHub
Oxford Property Group
(212) 300-6412
Devon Benedict
contact@devonbenedict.com
(347) 967-5006
(212) 300-6412
3yd-NYSMLS-155865

Oxford Property Group
(212) 300-6412
Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property Features

  • Attic
  • Barbecue Area
  • Basement
  • Deck
  • Disabled Access
  • DBL Pane Windows
  • Fireplace
  • Gated Entry
  • Greenhouse
  • Hot Tub Spa
  • Pool
  • RV Parking
  • Sauna
  • Security System
  • Sprinkler System
  • Vaulted Ceiling
  • Wet Bar
  • Heating Systems
  • New Construction
  • Waterfront
  • Parking: Garage

Nearby Schools

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    Listing Agent

    Devon Benedict

    Oxford Property Group

    (212) 300-6412

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