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1501 Broadway

4 Unit Apartment Building $3,898,042 CAD ($974,511 CAD/Unit) Brooklyn, NY 11221

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Investment Highlights

4-Story Brick Building | Approx. 7,625 Gross Square Feet
2 Minutes to Halsey J & Z Train Station

4 Free Market Apartments | 1 Commercial Store Front
Value Add | Under Market Apartments

Executive Summary

Matthew Peters, Leader of The Peters Team at Marcus & Millichap, and Michael Ettedgui, are pleased to present the exclusive listing for the property located at 1501 Broadway, in the Bushwick section of Brooklyn, NY.
Property Details:
Stories: 4 + Basement
Dimensions: 25 feet wide along Broadway & 80 feet deep
Lot Size: 25 feet by 80 feet.
Block: 03380; Lot: 0003
Square Footage: Approximately 7,625 square feet
Tax Class: 2A (Protected)
Status: Free Market
Layout:
Basement:
Mechanicals | Room For Storage | 2 Bathrooms | Office
Ground Floor:
1 Commercial Unit
Convenience Store– 1,500 SF
5% Increases After 2026
Second Floor:
1 Apartment- Unit 2
Floor Through Apartment – 1,600 SF
Private Patio
4 Bedroom | 1 Bathroom
Third Floor:
2 apartments – Units 3R | 3L
3R - 2 Bedroom | 1 Bathroom – 800 SF
3L – 2 Bedroom | 1 Bathroom – 800 SF
Fourth Floor:
1 Apartment- Unit 4
Floor Through Apartment – 1,600 SF
4 Bedroom | 2 Bathroom
Investment Opportunity:
The building is currently cash flowing w/ 4 Free Market units & 1 Commercial
Room to Increase Rents, Separate Heat & Add Bedrooms or Additional Units
Potential to Split Floor Through Units & Duplex 3rd Floor Units into 2nd & 4th Floors
Location:
Located in Bushwick, Brooklyn, NY
Within walking distance to the J & Z Train Lines

1501 Broadway - FLYER

Property Facts

Price	$3,898,042 CAD	Building Class	C
Price Per Unit	$974,511 CAD	Lot Size	0.05 AC
Sale Type	Investment	Building Size	7,625 SF
No. Units	4	Average Occupancy	100%
Property Type	Multifamily	No. Stories	4
Property Subtype	Apartment	Year Built	1915
Apartment Style	Mid Rise	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.

Price	$3,898,042 CAD
Price Per Unit	$974,511 CAD
Sale Type	Investment
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
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.