Exceptional Mixed-Use Investment Opportunity at 1501 Broadway
$2,595,000
1501 Broadway, Brooklyn, NY 11221
8,500 SF
Square Feet
$305
PPSF
4
Units
600.0K
PPU
6.95%
CAP
Property Description
Units
4 — PPU: 600.0K
NOI
$180,279
Cap Rate
6.95%
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%.
Detailed building setup information is available upon request.
Property Details
Asset Type
Mixed-use
Year Built
1915
Zoning
R6, C1-3
Lot Size
2,000 SF
Neighborhood
Bushwick
Submarket
Brooklyn
ZIP
11221
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$286,013
Debt Service Coverage Ratio (DSCR)
1.94x
Cap Rate
11.02%
Cash Flow (Annual)
$138,393
Cash-on-Cash Return
21.33%
Monthly Debt Service
$12,302
Annual Debt Service
$147,619
View on Map
Address
1501 Broadway
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Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
