$1,988,000
●
Commercial -
Off Market
1259 Broadway
Bushwick, NY 11221
Studio
0 Bath
$11,038
Estimated Monthly
$0
HOA / Fees
-0.05%
Cap Rate
About This Property
Calling All Investors, Developers & End-Users!!! 100% Occupied
8,400 Sqft. Mixed Use Building For Sale!!! The Property Features
Great Exposure, Excellent Signage, 6 Parking Spaces, Strong C4-3
Zoning, High 10' Ceilings, 6 Apartments, Basement, All New LED
Lighting, +++!!! The Property Is Located In The Heart Of Bushwick 2
Blocks From The Gates Ave. M Train Station!!! Neighbors Include The
Home Depot, Stop & Shop, Dunkin', Peter Luger Steak House,
Walgreens, AutoZone, Pep Boys, Blink Fitness, L.A. Fitness,
McDonald's, Trader Joe's, Wendy's, White Castle, Little Caesar's,
Dollar Tree, Family Dollar, +++!!! The Store Can Be Delivered
Vacant If Need Be. This Property Has HUGE Upside Potential!!! This
Could Be Your Next Investment Property, Development Site Or Home
For Your Business!!! Income: Store (2,500 Sqft. + Full
Basement): $100,000 Ann. (Available) Apt. 2R (2 Br. 1 Bath): $6,324
Ann.; M-M; 2% Ann. Inc.; Been Here 25+ Years; Renovated In 2014.
Apt. 2L (2 Br. 1 Bath): $8,280 Ann.; M-M; 2% Ann. Inc.; Been Here
10+ Years; Renovated In 2016. Apt. 3L (2 Br. 1 Bath): $7,044 Ann.;
M-M; 2% Ann. Inc.; Been Here 35+ Years Apt. 3R (2 Br. 1 Bath):
$7,284 Ann.; M-M; 2% Ann. Inc.; Been Here 35+ Years Apt. 4L (2 Br.
1 Bath): $5,208 Ann.; M-M; Rent Freeze; Been Here 50+ Years Apt. 4R
(2 Br. 1 Bath): $7,200 Ann.; M-M; 2% Ann. Inc.; Been Here 15+ Years
Gross Income: $141,340 Ann. Expenses: Gas: $7,504 Ann.
Electric (Hallway Only): $980 Ann. Maintenance & Repairs:
$250 Ann. Water: $6,300 Ann. Insurance: $3,838 Ann.
Taxes: $15,317 Ann. Total Expenses: $34,189 Ann. Net
Operating Income (NOI): $107,151 Ann.
Unit Size
-
Days on Market
-
Land Size
0.08 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,276
HOA Dues
-
Year Built
1931
Last updated: 2 months ago (OneKey MLS #ONE3465947)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 21, 2024 | No longer available | - | |
No longer available | |||
Mar 20, 2023 | Listed by All Island Estates Realty Corp | $1,988,000 | |
Listed by All Island Estates Realty Corp |
Property Highlights
Exterior Details
Property Information
Square Footage : 8400
Property Type: Commercial Sale
Property Sub Type: Retail
Year Built: 1931
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.08
Lot Size Square Feet: 3500
Lot Size Dimensions: 28x125
Financial Details
Tax Annual Amount: $15,317
Location Details
Directions: Broadway Cross Street Greene
County or Parish: Brooklyn
Other Details
On Market Date: 2023-03-20
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Building Sale
Stu
-
-
$1,990,000
Jan 11, 2022
$1,990,000
Apr 4, 2022
$593/mo
In Contract
Townhouse
Stu
-
3,960 ft²
$505/ft²
$1,999,000
May 19, 2022
-
-
In Contract
Townhouse
5
Beds
3.5
Baths
3,000 ft²
$665/ft²
$1,995,000
Jan 19, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/20/2023
|
|
Loft
|
-
|
-
|
$1,988,000
Loft
-
|
-
-
|
-
|
Richard Matt Shane
All Island Estates Realty Corp
|