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Mixed-Use

1123-1125 Broadway

1123 Broadway, Brooklyn, NY 11221

Listing Price: $5,100,000

Cap Rate
1.00%
Number of Units
6
Occupancy
22.0%
Price/Unit
$850,000
Price/Gross SF
$644.59
Gross SF
7,912

Investment Overview

Marcus & Millichap is pleased to offer for sale two adjacent mixed-used properties located at 1123 & 1125 Broadway, Brooklyn, New York, 11221. (Block & Lots: 03241-0076-0075). The combined total square footage is 7,906 SF. 1123 Broadway lot dimensions are 22.17 feet x 90 feet and contain an 1800 SF retail with basement and 2 floors through 2 bedroom units. 1125 Broadway lot dimensions are 22.5 feet by 90 feet and contain a legal 4 story daycare center. Zoned for R6, C2-3, both properties offer an investor several values add opportunities. The facility FAR of 4.8 allows for about 19,296 buildable square feet. 1123 presents an option to add two more residential units and additional income. All units in both properties are separately metered for utilities and provide ease of management. This is an opportunity to invest in a dynamic section of upper Brooklyn.

Investment Highlights

  • Lease up opportunity and secure a net lease for the daycare center.
  • 2 adjacent mixed-use free-market investment opportunities.
  • 1125 Broadway is a legal daycare center compromised 4 floors.
  • Steps to the J, Z subway train stations

Exclusively Listed By

Financing By

Listing Price: $5,100,000

Cap Rate
1.00%
Number of Units
6
Occupancy
22.0%
Price/Unit
$850,000
Price/Gross SF
$644.59
Gross SF
7,912

Investment Highlights

  • Lease up opportunity and secure a net lease for the daycare center.
  • 2 adjacent mixed-use free-market investment opportunities.
  • 1125 Broadway is a legal daycare center compromised 4 floors.
  • Steps to the J, Z subway train stations

Investment Overview

Marcus & Millichap is pleased to offer for sale two adjacent mixed-used properties located at 1123 & 1125 Broadway, Brooklyn, New York, 11221. (Block & Lots: 03241-0076-0075). The combined total square footage is 7,906 SF. 1123 Broadway lot dimensions are 22.17 feet x 90 feet and contain an 1800 SF retail with basement and 2 floors through 2 bedroom units. 1125 Broadway lot dimensions are 22.5 feet by 90 feet and contain a legal 4 story daycare center. Zoned for R6, C2-3, both properties offer an investor several values add opportunities. The facility FAR of 4.8 allows for about 19,296 buildable square feet. 1123 presents an option to add two more residential units and additional income. All units in both properties are separately metered for utilities and provide ease of management. This is an opportunity to invest in a dynamic section of upper Brooklyn.

Exclusively Listed By

Financing By

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