Mixed-Use

884 Broadway

884 Broadway, Brooklyn, NY 11206

Listing Price: $3,125,000

Cap Rate
5.50%
Number of Units
7
Occupancy
100.00%
Price/Unit
$446,429
Price/Gross SF
$490.20
Gross SF
6,375

Investment Overview

Marcus & Millichap is pleased to present 884 Broadway.

Investment Highlights

  • Strong commercial tenant. Store invested over $350k in buildout. They own and operate another successful rest in the neighborhood located at 1386 Dekalb.
  • Plans approved and construction started next door seven story state of the art office or retail storefront.
  • The building was gut renovated in 2003. Layout was changed from six three BR railroad style to six large one bedroom boxed. Three one bedroom in the front and three one bedroom in the back.

Exclusively Listed By

Listing Price: $3,125,000

Cap Rate
5.50%
Number of Units
7
Occupancy
100.00%
Price/Unit
$446,429
Price/Gross SF
$490.20
Gross SF
6,375

Investment Highlights

  • Strong commercial tenant. Store invested over $350k in buildout. They own and operate another successful rest in the neighborhood located at 1386 Dekalb.
  • Plans approved and construction started next door seven story state of the art office or retail storefront.
  • The building was gut renovated in 2003. Layout was changed from six three BR railroad style to six large one bedroom boxed. Three one bedroom in the front and three one bedroom in the back.

Investment Overview

Marcus & Millichap is pleased to present 884 Broadway.

Exclusively Listed By

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