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Mixed-Use

1119-1121 Broadway Brooklyn

1119 Broadway, Brooklyn, NY 11221

Listing Price: $7,420,000

Cap Rate
3.80%
Number of Units
11
Occupancy
80.0%
Price/Unit
$674,545
Price/Gross SF
$845.58
Gross SF
8,775

Investment Overview

Marcus & Millichap is pleased to offer for sale two adjacent mixed-used properties located at 1119 & 1121 Broadway, Brooklyn, New York, 11221. (Block & Lots: 03241-0077-0078 ). The combined total square footage is 12,054 SF. 1121 Broadway lot dimensions are 22.33 feet x 90 feet and contain a 1,500SF retail with basement and two 2 bedroom units. 1119 Broadway lot dimensions are 22.5 feet by 90 feet and contain 10 residential units that renovated in 2016 and one 2,025 SF of commercial space. Both are zoned for R6, C2-3, both properties offer investor value add opportunities. The facility FAR of 4.8 allows additional floors and units for additional future income. All units in both properties are separately metered for utilities and provide ease of management. This is an opportunity to invest in dynamic sections of upper Brooklyn.

Investment Highlights

  • 14 Apartments. and 4 stores.
  • 421-A Tax Abatement.
  • Value Add Opportunity.

Exclusively Listed By

Mixed-Use

1119-1121 Broadway Brooklyn

Listing Price: $7,420,000

Cap Rate
3.80%
Number of Units
11
Occupancy
80.0%
Price/Unit
$674,545
Price/Gross SF
$845.58
Gross SF
8,775

Investment Highlights

  • 14 Apartments. and 4 stores.
  • 421-A Tax Abatement.
  • Value Add Opportunity.

Investment Overview

Marcus & Millichap is pleased to offer for sale two adjacent mixed-used properties located at 1119 & 1121 Broadway, Brooklyn, New York, 11221. (Block & Lots: 03241-0077-0078 ). The combined total square footage is 12,054 SF. 1121 Broadway lot dimensions are 22.33 feet x 90 feet and contain a 1,500SF retail with basement and two 2 bedroom units. 1119 Broadway lot dimensions are 22.5 feet by 90 feet and contain 10 residential units that renovated in 2016 and one 2,025 SF of commercial space. Both are zoned for R6, C2-3, both properties offer investor value add opportunities. The facility FAR of 4.8 allows additional floors and units for additional future income. All units in both properties are separately metered for utilities and provide ease of management. This is an opportunity to invest in dynamic sections of upper Brooklyn.

Exclusively Listed By

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