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Mixed-Use

1501 Broadway

1501 Broadway, Brooklyn, NY 11221

Listing Price: $2,750,000

Cap Rate
5.37%
Number of Units
5
Occupancy
100.0%
Price/Unit
$550,000
Price/Gross SF
$360.66
Gross SF
7,625

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the property located at 1501
Broadway, in the Bushwick section of Brooklyn, NY (Block: 03380: Lot: 3).

The building is currently cash-flowing with 4 free-market apartments over 1 store, spanning 25’ of frontage along Broadway and approximately 7,625 gross building square feet. The building has 4 stories and a basement. There is room to increase rents, separate heat, and add bedrooms or additional units. There is potential to split the floor-through units and duplex the 3rd-floor units into the 2nd and 4th floors.

The property is within walking distance of multiple transit options, including the Halsey Street Station, which offers access to the J & Z Trains. It is zoned R6, C1-3.

Investment Highlights

  • 4-Story Building | Approx. 7,625 Gross Square Feet
  • Unutilized Basement | Large Units | Opportunity to Add Rooms or Units
  • Walking Distance to Multiple Transit OptionsWalking Distance to Multiple Transit Options
  • Walking Distance to Multiple Transit Options

Exclusively Listed By

Mixed-Use

1501 Broadway

Listing Price: $2,750,000

Cap Rate
5.37%
Number of Units
5
Occupancy
100.0%
Price/Unit
$550,000
Price/Gross SF
$360.66
Gross SF
7,625

Investment Highlights

  • 4-Story Building | Approx. 7,625 Gross Square Feet
  • Unutilized Basement | Large Units | Opportunity to Add Rooms or Units
  • Walking Distance to Multiple Transit OptionsWalking Distance to Multiple Transit Options
  • Walking Distance to Multiple Transit Options

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the property located at 1501 Broadway, in the Bushwick section of Brooklyn, NY (Block: 03380: Lot: 3). The building is currently cash-flowing with 4 free-market apartments over 1 store, spanning 25’ of frontage along Broadway and approximately 7,625 gross building square feet. The building has 4 stories and a basement. There is room to increase rents, separate heat, and add bedrooms or additional units. There is potential to split the floor-through units and duplex the 3rd-floor units into the 2nd and 4th floors. The property is within walking distance of multiple transit options, including the Halsey Street Station, which offers access to the J & Z Trains. It is zoned R6, C1-3.

Exclusively Listed By

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