$2,875,000
●
Multifamily -
For Sale
1501 Broadway
Brooklyn, NY 11221
Studio
5 Baths
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.
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Co-op
Stu
4
Baths
9,000 ft²
$314/ft²
$2,825,000
Apr 19, 2017
$2,825,000
Sep 19, 2017
-
Sold
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
-
Sold
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
-
Active
Townhouse
Stu
6
Baths
4,662 ft²
$557/ft²
$2,599,000
Sep 14, 2022
-
$771/mo
In Contract
Multifamily
8
Beds
6
Baths
3,240 ft²
$741/ft²
$2,400,000
Jun 1, 2022
-
$5,258/mo
Active
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 |
---|