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1501 Broadway 5 Unit Apartment Building $2,595,000 ($519,000/Unit) 6.95% Cap Rate Brooklyn, NY 11221

Apartment Buildings New York Brooklyn 1501 Broadway, Brooklyn, NY 11221

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INVESTMENT HIGHLIGHTS

  • Upside opportunity
  • Prime location close to subway
  • Commercial space leased

EXECUTIVE SUMMARY

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%.

ATTACHMENTS

Building Setup 1501 Broadway, Brooklyn, NY 11221

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $228,036 $29.91
Other Income - -
Vacancy Loss - -
Effective Gross Income $228,036 $29.91
Taxes - -
Operating Expenses - -
Total Expenses $47,757 $6.26
Net Operating Income $180,279 $23.64

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $228,036
Annual Per SF $29.91
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $228,036
Annual Per SF $29.91
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $47,757
Annual Per SF $6.26
Net Operating Income
Annual $180,279
Annual Per SF $23.64

PROPERTY FACTS

Price $2,595,000 Apartment Style Mid-Rise
Price Per Unit $519,000 Building Class C
Sale Type Investment Lot Size 0.05 AC
Cap Rate 6.95% Building Size 7,625 SF
Sale Condition 1031 Exchange Average Occupancy 100%
No. Units 5 No. Stories 4
Property Type Multifamily Year Built 1915
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 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.
Zoning R6, C1-3 - Qualified opportunity zone
Price $2,595,000
Price Per Unit $519,000
Sale Type Investment
Cap Rate 6.95%
Sale Condition 1031 Exchange
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
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.
Zoning R6, C1-3 - Qualified opportunity zone

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Basement
  • Deck
  • Dining Room
  • Patio

LINKS

1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 03380-0003 Improvements Assessment $284,850 (2025)
Land Assessment $216,900 (2025) Total Assessment $501,750 (2025)

PROPERTY TAXES

Parcel Number
03380-0003
Land Assessment
$216,900 (2025)
Improvements Assessment
$284,850 (2025)
Total Assessment
$501,750 (2025)
(917) 859-5332

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38792678

  • Date on Market: 12/16/2025

  • Last Updated:

  • Address: 1501 Broadway, Brooklyn, NY 11221

More public record information on 1501 Broadway, Brooklyn, NY 11221

The Bushwick Multifamily Property at 1501 Broadway, Brooklyn, NY 11221 is currently available. Contact Compass for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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1501 Broadway
(917) 859-5332 x

1501 Broadway

Tatiana Shreider
(917) 859-5332

Cassandra Frank
(917) 282-2074

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