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1501 Broadway 5 Unit Apartment Building $3,608,555 CAD ($721,711 CAD/Unit) 6.95% Cap Rate Brooklyn, NY 11221
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%.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$317,102
|
$41.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$317,102
|
$41.59
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$66,410
|
$8.71
|
| Net Operating Income |
$250,692
|
$32.88
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $317,102 |
| Annual Per SF | $41.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $317,102 |
| Annual Per SF | $41.59 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $66,410 |
| Annual Per SF | $8.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $250,692 |
| Annual Per SF | $32.88 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Basement
- Deck
- Dining Room
- Patio
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03380-0003 | Improvements Assessment | $396,107 CAD (2025) |
| Land Assessment | $301,617 CAD (2025) | Total Assessment | $697,724 CAD (2025) |
Property Taxes
Parcel Number
03380-0003
Land Assessment
$301,617 CAD (2025)
Improvements Assessment
$396,107 CAD (2025)
Total Assessment
$697,724 CAD (2025)
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1501 Broadway
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