1501 Broadway
Brooklyn,
NY
11221
Property Details
List Price: |
$2,875,000 |
Beds: |
-- |
Baths: |
5 |
Status: |
Active |
SqFt: |
8500 |
Agency: |
Oxford Property Group |
Description/Comments
Lot Size: |
25 acre(s) |
Property Type: |
MultiFamily |
Year Built: |
1925 |
Notes: |
Don't miss this exceptional opportunity at a 7% projected cap rate to acquire a Free Market, 5-unit mixed-use building situated at the crossroads of two of the most trendy neighborhoods in Brooklyn: Bushwick and Bedford-Stuyvesant. Positioned on Broadway, a bustling corridor with high and diverse foot traffic, this expansive property occupies a 25ft x 80ft lot and boasts over 8500 square feet of rentable space. Of this, 1500+ square feet are dedicated to a fully leased commercial store, while the remaining area comprises of four oversized and lofty residential units with potential for rent increases. Additionally, beneath the commercial section lies an additional 1500 square feet, offering potential rent as storage space, a laundry facility, or flexible space. With diligent upkeep over the years, this property stands as a great turnkey investment opportunity. Situated along the vibrant street of Broadway and adjacent to the J train (Halsey Station), it promises to be a valuable asset in any investment portfolio, delivering steady income and long-term appreciation. |
MlsNumber: |
11241260 |
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Listing Provided By: |
Oxford Property Group, original listing |
Name: |
Oxford Property Group |
Phone: |
(212) 300-6412 |
Office Name: |
Oxford Property Group |
Office Phone: |
(212) 300-6412 |
Agent Name: |
Devon Benedict |
Disclaimer: |
Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |