Check Availability
$2,875,000
Multifamily - For Sale

1501 Broadway

Brooklyn, NY 11221
bedrooms
Studio
bathrooms
5 Baths
square feet
8500 Sqft
$16,042
Estimated Monthly
$0
HOA / Fees
0.18%
Cap Rate

About This Property

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.

The manager has listed the unit size as 8500 square feet.
Unit Size
8,500Ft²
Days on Market
85 days
Land Size
25.00 acres
Price per sqft
$338
Property Type
Multifamily
Property Taxes
$1,924
HOA Dues
-
Year Built
1915
Listed By
Last updated: 2 months ago (NYSMLS #11241260)

Price History

Date / Event Date Event Price
Feb 2, 2024 Listed by Oxford Property Group $2,875,000
Listed by Oxford Property Group
Oct 12, 2018 Sold to Sag Cornelia Llc $2,200,000
Sold to Sag Cornelia Llc
Feb 15, 2007 Sold to William Cosgriff, John Preston $900,000
Sold to William Cosgriff, John Preston

Property Highlights

Exterior Details

Exterior Information

Brick

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Co-op
Stu
4 Baths
9,000 ft²
$314/ft²
$2,825,000 Apr 19, 2017
$2,825,000 Sep 19, 2017
-
Townhouse
Stu
-
5,460 ft²
$421/ft²
$2,300,000 Mar 23, 2016
$2,300,000 Aug 22, 2016
-
Townhouse
Stu
-
4,378 ft²
$628/ft²
$2,750,000 Sep 7, 2016
$2,750,000 Sep 14, 2017
-
House
Stu
-
3,600 ft²
$692/ft²
$2,490,000 Nov 30, 2016
$2,490,000 Oct 30, 2017
-
Multifamily
6 Beds
6 Baths
3,830 ft²
$678/ft²
$2,595,000 Sep 8, 2022
$2,595,000 Feb 15, 2023
-
Multifamily
10 Beds
4 Baths
3,800 ft²
$668/ft²
$2,540,000 Sep 8, 2021
$2,540,000 Oct 26, 2022
-
Multifamily
Stu
-
3,280 ft²
$854/ft²
$2,800,000 Sep 28, 2023
-
-
Townhouse
Stu
6 Baths
4,662 ft²
$557/ft²
$2,599,000 Sep 14, 2022
-
$771/mo
House
Stu
-
-
$3,199,000 Aug 24, 2023
-
$13/mo
House
Stu
-
-
$2,500,001 Jun 23, 2022
-
$536/mo
Multifamily
8 Beds
6 Baths
3,240 ft²
$741/ft²
$2,400,000 Jun 1, 2022
-
$5,258/mo
Multifamily
6 Beds
3 Baths
3,400 ft²
$676/ft²
$2,300,000 Mar 12, 2024
-
$5,234/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

1501 Broadway 1501 Broadway, Brooklyn, NY 11221
  • 5 Units
  • 1 Unit for Sale
More about this Building
1501 Broadway
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About Northern Brooklyn


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