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863 Broadway
Brooklyn, NY 11206
Multifamily Property For Sale
·
6 Units
Investment Highlights
- All 6 residential units are free market, giving the next owner complete control over rents in one of Brooklyn’s most active rental markets
- The property generates $309,300 in gross annual income with an NOI of $205,834
- Situated on Broadway, Bushwick’s main commercial corridor, with immediate access to local retail
- The ground-floor commercial space (1,125 SF) is leased through 2035 at $6,000/month
- All 6 residential units are spacious 3-bedroom/1-bath apartments averaging 660 NSF
- Located near the J & M subway lines, providing residents with direct access to Williamsburg and Manhattan in under 25 minutes
Executive Summary
Cory Rosenthal
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price Per Unit | $541,667 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.08% | Lot Size | 0.06 AC |
| No. Units | 6 | Building Size | 7,472 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1931/1998 |
| Zoning | C8-2 | ||
| Price Per Unit | $541,667 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,472 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1931/1998 |
| Zoning | C8-2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 03135-0007 | Improvements Assessment | $442,350 |
| Land Assessment | $33,750 | Total Assessment | $476,100 |
Property Taxes
Parcel Number
03135-0007
Land Assessment
$33,750
Improvements Assessment
$442,350
Total Assessment
$476,100
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