1641 Broadway - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11207
$2,650,000 USD
716-604-5763
1641 Broadway, Brooklyn, NY for Sale
$2,650,000 USD
Storefront Retail/Residential - FOR SALE
1/21
null | 7.42% Cap Rate

1641 Broadway
Brooklyn, NY 11207


HIGHLIGHTS

  • 6 Free Market Apartments & 1 Store
  • Turn Key Renovations
  • 2A Tax Class (Protected)
  • Strong Retail | Long Term Tenant (Over 16 Years)
  • Upside in Residential Rents

OVERVIEW

Matthew Peters & Michael Ettedgui with The Peters Team at Marcus & Millichap are pleased to present the exclusive listing for the property located at 1641 Broadway in the Bushwick section of Brooklyn, NY. Property Details: Stories: 4 + Finished Basement Dimensions: 25 feet wide along Broadway & 69 feet deep Block: 03414; Lot: 0002 Square Footage: Approximately 6,900 square feet Tax Class: 2A (Protected Tax Class) Amenities: Shared Washer/Dryer Layout: Basement: Washer/Dryer | Mechanicals First Floor: Retail Unit Moe Sports 2.5% Yearly Increases Until 2036 Second Floor: 2 apartments 2F - 4-bedroom, 2-bathroom – Free Market 2R - 2-bedroom, 1-bathroom – Free Market Third Floor: 2 apartments 3F - 3-bedroom, 1-bathroom – Free Market 3R - 3-bedroom, 1-bathroom – Free Market Fourth Floor: 2 apartments 4F - 3-bedroom, 1-bathroom – Free Market 4R - 3-bedroom, 1-bathroom – Free Market Location: Located in Bushwick, Brooklyn, NY Within walking distance to the J, Z & L Train Lines

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

7.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Building on Broadway in Bushwick

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C8-2

APN/PARCEL ID

03414-0002

ASK ABOUT THIS PROPERTY

Matthew PetersMarcus & MillichapMore Info
716-604-5763

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Matthew PetersMarcus & MillichapMore Info
716-604-5763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.