874 Broadway
Brooklyn, NY 11206
CORNER BROADWAY MIXED-USE PORTFOLIO · Retail Property For Sale

BSD Realty has been retained on an exclusive basis for the sale of a package of two (2) Retail and Residential Mixed-Use Corner buildings located on the Busy Broadway Corridor in the Bushwick-Bedstuy neighborhood of Brooklyn. 874 Broadway is a 5,000 SF three (3) Floors Mixed-Use Retail & Residential building located on the corner of Lewis Avenue. The current structure consists of three (3) month-to-month occupied Retail Units on the bottom floor and two (2) floor-through residential units in shell condition. The Bodega occupying two (2) retail units currently pays $6000 per month and the Auto Shop occupying the back retail unit on Lewis Avenue pays $1500 per month. Each of the two (2) residential units is configured as a floor-through three (3) bedroom one (1) bathroom unit which would require complete gut-renovation to meet living standards. Because the building comes with an additional 4,700 SF Air Rights, making it a total 9,700 Buildable Square Feet development, we are projecting based on comparison with a similar new development project on Broadway, that a fully built redevelopment of this building can carry 11-13 Units with residential units each collecting $2100 monthly and the commercial portion collecting $8000 monthly: which is projecting $350,000-$375,000 in Gross Annual Income. Located right on the busy Broadway Business District, which provides tenants with a myriad of retail and shopping options, this package is within close proximity to Woodhull Medical Center, Starbucks, Kid City, Family Dollar, Chipotle, Planet Fitness, Walgreens, Dunkin and a host of new residential developments. The J, M, Z and G trains are all a short walk away allowing commuters quick access to Downtown Brooklyn, North Queens and Manhattan. Asking Price is $5,500,000. SUBMIT YOUR OFFERS ASAP. Motivated Real Sellers In Search Of Real Buyers-Developers. Easy showing. I need at least a 24-hours notice for showings.