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1501 Broadway
Brooklyn, NY 11221
 Multifamily Property For Sale · 5 Units

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%.

PROPERTY FACTS

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.
Apartment Style Mid-Rise
Zoning R6, C1-3 - Qualified opportunity zone
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

PROPERTY TAXES

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

PROPERTY TAXES

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

  • 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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