See Home Value
$1,988,000
Commercial - Off Market

1259 Broadway

Bushwick, NY 11221
bedrooms
Studio
bathrooms
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


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Building Sale
Stu
-
-
$1,990,000 Jan 11, 2022
$1,990,000 Apr 4, 2022
$593/mo
Townhouse
Stu
-
-
$1,999,999 Sep 27, 2019
$1,999,999 Dec 6, 2021
$366/mo
Townhouse
Stu
-
-
$2,042,500 Apr 21, 2021
$2,042,500 Nov 10, 2021
$171/mo
Townhouse
Stu
-
-
$1,890,000 Oct 2, 2021
$1,890,000 Dec 19, 2021
$613/mo
Townhouse
Stu
-
-
$1,900,000 Sep 23, 2021
$1,900,000 Mar 3, 2022
$229/mo
Townhouse
Stu
-
-
$2,150,000 Jul 24, 2017
$2,150,000 Jul 23, 2018
$246/mo
Commercial
Loft
-
-
$1,899,999 Oct 20, 2022
-
$568/mo
Commercial
Loft
-
-
$1,700,000 Feb 14, 2023
-
$1,570/mo
Townhouse
Stu
-
3,960 ft²
$505/ft²
$1,999,000 May 19, 2022
-
-
Townhouse
Stu
-
-
$2,249,000 Nov 1, 2022
-
-
Townhouse
Stu
9 Baths
3,240 ft²
$494/ft²
$1,599,900 Oct 4, 2022
-
-
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
20230320
03/20/2023
Loft
-
-
$1,988,000
bedrooms
Loft
bathrooms
-
-
-
-
Richard Matt Shane
All Island Estates Realty Corp

Building Info

1259 Broadway 1259 Broadway, Brooklyn, NY 11221
  • 7 Units
More about this Building
1259 Broadway
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About Northern Brooklyn


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