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1501 Broadway
Brooklyn, NY 11221
 Multifamily Property For Sale · 5 Units

Apartment Buildings New York Brooklyn 1501 Broadway, Brooklyn, NY 11221

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INVESTMENT HIGHLIGHTS

  • Upside opportunity
  • Prime location close to subway
  • Commercial space leased

EXECUTIVE SUMMARY

Exceptional investment opportunity in Bushwick. This mixed-use property features one commercial space with a lease secured until 2032 and four residential units. Currently delivering a 7% cap rate, this property presents potential for increased returns. With strategic improvements or layout modifications, the cap rate could easily exceed 8%.

PROPERTY FACTS

Price Per Unit $713,947 CAD Building Class C
Sale Type Investment Lot Size 0.05 AC
Cap Rate 6.95% Building Size 7,625 SF
Sale Condition 1031 Exchange Average Occupancy 100%
No. Units 5 No. Stories 4
Property Type Multifamily Year Built 1915
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Mid-Rise
Zoning R6, C1-3 - Qualified opportunity zone
Price Per Unit $713,947 CAD
Sale Type Investment
Cap Rate 6.95%
Sale Condition 1031 Exchange
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.05 AC
Building Size 7,625 SF
Average Occupancy 100%
No. Stories 4
Year Built 1915
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R6, C1-3 - Qualified opportunity zone

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Basement
  • Deck
  • Dining Room
  • Patio

LINKS

PROPERTY TAXES

Parcel Number 03380-0003 Improvements Assessment $391,845 CAD
Land Assessment $298,372 CAD Total Assessment $690,217 CAD

PROPERTY TAXES

Parcel Number
03380-0003
Land Assessment
$298,372 CAD
Improvements Assessment
$391,845 CAD
Total Assessment
$690,217 CAD

  • Listing ID: 38792678

  • Date on Market: 2025-12-16

  • Last Updated:

  • Address: 1501 Broadway, Brooklyn, NY 11221

The Bushwick Multifamily Property at 1501 Broadway, Brooklyn, NY 11221 is currently available. Contact Compass for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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