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1254 Broadway 4 Unit Apartment Building For Sale Brooklyn, NY 11221
Investment Highlights
- Free Market, Mixed Use
- Tax Class Protected, 2B
- Value Add, Upside
Executive Summary
Bijou Equities has been retained on an exclusive basis to sell 1254 Broadway, a corner mixed-use building on the
border of Bushwick and Bedstuy.
The four-story building totals 6,000 SF and consists of three full-floor residential units - each a spacious 4-bedroom /
2-bath layout with an in-unit washer/dryer — over a long-established ground-floor deli.
All three apartments are currently renting below market- an average of $3,600/mo where market rents is close to
$4,500/mo offering immediate upside at turnover. Once you bring rents to market, at asking price you are building to
an 8% Cap Rate.
The corner deli occupies a long-term lease running through 2034 with 33% expense reimbursements and 3% annual
increases.
The property sits directly on the Broadway retail corridor at the corner of Greene and Lexington Avenues, steps from
the J / Z trains at Kosciuszko Street and Gates Avenue.
border of Bushwick and Bedstuy.
The four-story building totals 6,000 SF and consists of three full-floor residential units - each a spacious 4-bedroom /
2-bath layout with an in-unit washer/dryer — over a long-established ground-floor deli.
All three apartments are currently renting below market- an average of $3,600/mo where market rents is close to
$4,500/mo offering immediate upside at turnover. Once you bring rents to market, at asking price you are building to
an 8% Cap Rate.
The corner deli occupies a long-term lease running through 2034 with 33% expense reimbursements and 3% annual
increases.
The property sits directly on the Broadway retail corridor at the corner of Greene and Lexington Avenues, steps from
the J / Z trains at Kosciuszko Street and Gates Avenue.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1.5 | 3 | - | 1,500 |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01623-0036 | Improvements Assessment | $757,350 |
| Land Assessment | $65,700 | Total Assessment | $823,050 |
Property Taxes
Parcel Number
01623-0036
Land Assessment
$65,700
Improvements Assessment
$757,350
Total Assessment
$823,050
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
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Contact the Sale Advisor
1254 Broadway