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

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

Unit Amenities

Air Conditioning
Balcony
Dishwasher
Microwave

Heating
Ceiling Fans
Kitchen
Refrigerator

Oven
Tub/Shower
Basement

Deck
Dining Room
Patio

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

Contacts

Tatiana Shreider
Cassandra Frank
Compass

Listing ID: 38792678
Date on Market: 12/16/2025
Last Updated:
Address: 1501 Broadway, Brooklyn, NY 11221

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