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1501 Broadway 5 Unit Apartment Building $3,500,473 CAD ($700,095 CAD/Unit) 6.95% Cap Rate Brooklyn, NY 11221

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%.

Attachments

Building Setup 1501 Broadway, Brooklyn, NY 11221

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $307,605 $40.34
Other Income - -
Vacancy Loss - -
Effective Gross Income $307,605 $40.34
Taxes - -
Operating Expenses - -
Total Expenses $64,421 $8.45
Net Operating Income $243,184 $31.89

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $307,605
Annual Per SF $40.34
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $307,605
Annual Per SF $40.34
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $64,421
Annual Per SF $8.45
Net Operating Income (CAD)
Annual $243,184
Annual Per SF $31.89

Property Facts

Price $3,500,473 CAD Apartment Style Mid-Rise
Price Per Unit $700,095 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.
Zoning R6, C1-3 - Qualified opportunity zone
Price $3,500,473 CAD
Price Per Unit $700,095 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

1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 03380-0003 Improvements Assessment $395,939 CAD (2025)
Land Assessment $301,489 CAD (2025) Total Assessment $697,427 CAD (2025)

Property Taxes

Parcel Number
03380-0003
Land Assessment
$301,489 CAD (2025)
Improvements Assessment
$395,939 CAD (2025)
Total Assessment
$697,427 CAD (2025)
(917) 859-5332

Still interested?

Contact the brokers for more information about this property

Contacts

  • 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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1501 Broadway
(917) 859-5332 x

1501 Broadway

Tatiana Shreider
(917) 859-5332

Cassandra Frank
(917) 282-2074

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