Mixed-Use Building on Broadway in Bushwick | 1641 Broadway
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Mixed-Use Building on Broadway in Bushwick 1641 Broadway
6,900 SF 100% Leased Retail Building Brooklyn, NY 11207 $3,756,163 CAD ($544 CAD/SF) 7.29% Cap Rate
Investment Highlights
- 6 Free Market Apartments & 1 Store
- 2A Tax Class (Protected)
- Upside in Residential Rents
- Turn Key Renovations
- Strong Retail | Long Term Tenant (Over 16 Years)
Executive Summary
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
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
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,900 SF
Building Class
C
Year Built/Renovated
1931/2017
Price
$3,756,163 CAD
Price Per SF
$544 CAD
Cap Rate
7.29%
NOI
$273,735 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.17
Land Acres
0.05 AC
Opportunity Zone
Yes
Zoning
C8-2 - Commercial district predominantly residential in character
Frontage
25 ft on Broadway
Walk Score ®
Walker's Paradise (93)
Transit Score ®
Rider's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03414-0002 | Improvements Assessment | $541,666 CAD |
| Land Assessment | $42,426 CAD | Total Assessment | $584,092 CAD |
PROPERTY TAXES
Parcel Number
03414-0002
Land Assessment
$42,426 CAD
Improvements Assessment
$541,666 CAD
Total Assessment
$584,092 CAD
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Matthew Peters -
Marcus & Millichap
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Mixed-Use Building on Broadway in Bushwick | 1641 Broadway
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