1501 Broadway

4 Unit Apartment Building $2,750,000 ($687,500/Unit) Brooklyn, NY 11221

INVESTMENT HIGHLIGHTS

  • 4-Story Brick Building | Approx. 7,625 Gross Square Feet
  • 2 Minutes to Halsey J & Z Train Station
  • 4 Free Market Apartments | 1 Commercial Store Front
  • Value Add | Under Market Apartments

EXECUTIVE SUMMARY

Matthew Peters, Leader of The Peters Team at Marcus & Millichap, and Michael Ettedgui, are pleased to present the exclusive listing for the property located at 1501 Broadway, in the Bushwick section of Brooklyn, NY.
Property Details:
Stories: 4 + Basement
Dimensions: 25 feet wide along Broadway & 80 feet deep
Lot Size: 25 feet by 80 feet.
Block: 03380; Lot: 0003
Square Footage: Approximately 7,625 square feet
Tax Class: 2A (Protected)
Status: Free Market
Layout:
Basement:
Mechanicals | Room For Storage | 2 Bathrooms | Office
Ground Floor:
1 Commercial Unit
Convenience Store– 1,500 SF
5% Increases After 2026
Second Floor:
1 Apartment- Unit 2
Floor Through Apartment – 1,600 SF
Private Patio
4 Bedroom | 1 Bathroom
Third Floor:
2 apartments – Units 3R | 3L
3R - 2 Bedroom | 1 Bathroom – 800 SF
3L – 2 Bedroom | 1 Bathroom – 800 SF
Fourth Floor:
1 Apartment- Unit 4
Floor Through Apartment – 1,600 SF
4 Bedroom | 2 Bathroom
Investment Opportunity:
The building is currently cash flowing w/ 4 Free Market units & 1 Commercial
Room to Increase Rents, Separate Heat & Add Bedrooms or Additional Units
Potential to Split Floor Through Units & Duplex 3rd Floor Units into 2nd & 4th Floors
Location:
Located in Bushwick, Brooklyn, NY
Within walking distance to the J & Z Train Lines

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $2,750,000
Price Per Unit $687,500
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.05 AC
Building Size 7,625 SF
Average Occupancy 100%
No. Stories 4
Year Built 1915
Opportunity Zone Yes

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Basement
  • Deck
  • Dining Room
  • Patio

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+1 1 $4,625 1,600
2+1 2 $2,700 800
4+2 1 $4,050 1,600
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (76)

PROPERTY TAXES

ZONING

Zoning Code R6, C1-3 (Qualified opportunity zone)
  • Listing ID: 33613505

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 1501 Broadway, Brooklyn, NY 11221