The mixed use property at 1639 Broadway is positioned on the border of Bushwick and Bedford-Stuyvesant, which are two of the most transformative neighborhoods in Brooklyn and all of New York City. Conveniently located along the JZ train line, a mere block from the Halsey St station and Broadway, a major retail corridor in the area, the property maintains ease of access to a diverse variety of neighborhood amenities. The surrounding area has attracted extensive development projects in recent years, more so than any other single neighborhood in the city, which is in large part due to the multitude of transportation options and previous under utilization.The building is comprised of six, rent stabilized apartments and a ground floor retail space, which are fully occupied and income producing. The four story, brick, pre-war building encompasses a footprint of 25 FT in width by 69 FT in depth with an additional 17 FT extension available to the ground floor. In total, the retail unit measures approximately 2,150 SF. Each of the six apartments measures approximately 800 SF. The building's mechanical systems, including a gas boiler, hot water heaters for both the building and the commercial unit as well as electric and gas meters, reside within the basement, which likewise provides storage for the commercial unit. Available upon request is a setup with detailed rent roll, expenses and actual net operating income.
