Newly Constructed Mixed-Use
1153 Broadway Brooklyn, NY 11221
1153 Broadway, Brooklyn, NY, 11221
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For Sale
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Four-story mixed-use property with residential, retail, and community facility units.
Property Size15,517 SF
Price / SF$631.57
Days on Market1149
Property Features for 1153 Broadway
General Information
- Standard status
- Active
- Size
- 15,517 SF
- Property subtype
- Multifamily
Listing agency
Safdie Realty Group
Listed by
Roni Yaghoobzar · License #NY 10401324145
Source
Crexi
Added: May 31, 2023 Updated: Jul 10 at 3:44PM Checked: Jul 22 at 11:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Safdie Realty Group
Investment Insights
Based on property information with market context.
The property at 1153-1155 Broadway, Brooklyn, NY, is a newly constructed, four-story mixed-use walk-up building. The building spans 15,517 square feet and features fourteen residential units, along with commercial retail and community facility spaces. The property is located on the corner of Kosciuszko Street and Broadway, with convenient access to the Kosciuszko Street Station and Central Avenue Station, which serve the J and M train lines, providing accessibility to Brooklyn and Manhattan.
Key Highlights
- Newly constructed 4‑story mixed‑use building.
- Located on the corner of Kosciuszko Street & Broadway.
- Features 14 residential units.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.02M | $66.00 |
| − Vacancy | −$122.9k | −$7.92 |
| EGI | $901.2k | $58.08 |
| − OpEx | −$338.0k | −$21.78 |
| NOI | $563.3k | $36.30 |
15,517 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$8.05M
$7.04M – $9.39M
NOI $563,267 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$6.77M
$5.92M – $7.90M
NOI $473,718 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$12.85M
$11.24M – $14.99M
NOI $899,365 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Charles A. Ciaccio, RPH
Pharmacy
1153 Gourmet Market ...
Grocery & Convenience Store
La Cafeteria Bk
Restaurant
We Care Home ...
Surgical Supply Store
Kenneth Silverman
Pharmacy
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FAQs
What type of property is this?
Mixed-use property - Four-story mixed-use property with residential, retail, and community facility units.
Where is this mixed-use property located?
The property is located at 1153 Broadway Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,800,000.
What are key features of this property?
This property features: Newly constructed 4‑story mixed‑use building.; Located on the corner of Kosciuszko Street & Broadway.; Features 14 residential units.
