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1079 Broadway 7 Unit Apartment Building $3,400,000 ($485,714/Unit) 7.46% Cap Rate Brooklyn, NY 11221
EXECUTIVE SUMMARY
MySpaceNYC has been retained on an exclusive basis to arrange for the sale of 1079 Broadway Brooklyn, a four-story, fully occupied, mixed-use building in the trendy Bushwick neighborhood of Brooklyn.
1079 Broadway is comprised of four floors plus cellar. The ground floor and cellar is occupied by a single tenant operating a restaurant and bar. Santa Panza is an established tenant since 2015, and has recently signed a new 10 year lease at market value. The second, third, and fourth floors each have two 1-bedroom apartments. All apartments are free-market rents and not subject to rent stabilization.
The building has been gut renovated and meticulously maintained by current ownership, and has maintained strong, market paying tenants over the years. Among the buildings attractive features include a roof deck, building laundry, private storage for each tenant, dishwashers, and oak frames.
Please contact Jeff with any questions or to view
1079 Broadway is comprised of four floors plus cellar. The ground floor and cellar is occupied by a single tenant operating a restaurant and bar. Santa Panza is an established tenant since 2015, and has recently signed a new 10 year lease at market value. The second, third, and fourth floors each have two 1-bedroom apartments. All apartments are free-market rents and not subject to rent stabilization.
The building has been gut renovated and meticulously maintained by current ownership, and has maintained strong, market paying tenants over the years. Among the buildings attractive features include a roof deck, building laundry, private storage for each tenant, dishwashers, and oak frames.
Please contact Jeff with any questions or to view
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (97)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 03229-0047 | Improvements Assessment | $346,050 |
| Land Assessment | $108,000 | Total Assessment | $454,050 |
PROPERTY TAXES
Parcel Number
03229-0047
Land Assessment
$108,000
Improvements Assessment
$346,050
Total Assessment
$454,050
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1079 Broadway
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