2-Bedroom Condominium
For Sale
$575,000
1546 BROADWAY, Brooklyn, NY 11221
Split-bedroom condo with in-unit washer/dryer, double-pane windows, and modern kitchen and bath finishes.
Property Size706 SF
Price / SF$814.45
Days on Market365
Property Features for 1546 BROADWAY
General Information
Standard status
Active
Size
706 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$8,496
Amenities
A/C - Other
Dryer, Washer
3
Elevator
Building Details
Year Built
2025
Listing Agency:
(929) 346-4443
Listed By:
Modern Spaces
(646) 318-9556
Source:
Xome
Added: Aug 14, 2025
Changed: Aug 12
Last Checked: Aug 13 at 3:36AM
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 Modern Spaces
Investment Insights
Based on property information with market context.
Welcome to Unit 2A at The Role BK, a premier 10-unit condominium residence. This spacious 2-bedroom home features a split-bedroom layout, with wide plank waterproof flooring, oversized double pane windows, and private outdoor space. The unit is designed for everyday comfort and practicality, including an in-unit washer and dryer and Mitsubishi heating and cooling units.
The kitchen includes soft-close custom cabinetry, quartz countertops with backsplash, and stainless steel LG refrigerator. It also features a Bosch or Frigidaire dishwasher and a GE gas range with a ROBAM touchless gesture control vented hood. Bathrooms are outfitted with Toto toilets and Kohler vanity and fixtures.
Located in the heart of Bushwick, the community is noted for its proximity to Williamsburg and Greenpoint, with Saratoga Park nearby for relaxation and recreation. Transportation is conveniently accessible with the J line at Halsey Street Station about a block away. Open houses and private tours are available by email to book.
The kitchen includes soft-close custom cabinetry, quartz countertops with backsplash, and stainless steel LG refrigerator. It also features a Bosch or Frigidaire dishwasher and a GE gas range with a ROBAM touchless gesture control vented hood. Bathrooms are outfitted with Toto toilets and Kohler vanity and fixtures.
Located in the heart of Bushwick, the community is noted for its proximity to Williamsburg and Greenpoint, with Saratoga Park nearby for relaxation and recreation. Transportation is conveniently accessible with the J line at Halsey Street Station about a block away. Open houses and private tours are available by email to book.
Key Highlights
- Brand‑new 2025 construction in The Role BK, a 10‑unit condominium residence
- Unit 2A offers a spacious 2‑bedroom split‑bedroom layout
- In‑unit washer and dryer plus A/C other, with Mitsubishi heating and cooling units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,553
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$431,060
$431.1K
Cap Rate 7%
$307,900
$307.9K
Cap Rate 9%
$239,478
$239.5K
Market Conditions
NOI Build-Up for 706 SF
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.
Gross rent
$40.0K $56.64/SF
− Vacancy
−$800 −$1.13/SF
EGI
$39.2K $55.51/SF
− OpEx
−$17.6K −$24.98/SF
NOI
$21.6K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$431,060
Cap Rate 7%
$307,900
Cap Rate 9%
$239,478
Alternative Uses
Best Use
Apartment 5plus
$307.9K
$269.4K – $359.2K
NOI $21,553 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$584.6K
$511.5K – $682.0K
NOI $40,920 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Split-bedroom condo with in-unit washer/dryer, double-pane windows, and modern kitchen and bath finishes.
Where is this multifamily property located?
The property is located at 1546 BROADWAY Brooklyn, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Brand‑new 2025 construction in The Role BK, a 10‑unit condominium residence; Unit 2A offers a spacious 2‑bedroom split‑bedroom layout; In‑unit washer and dryer plus A/C other, with Mitsubishi heating and cooling units
