Newly Constructed Mixed-Use
For Sale
Contact for pricing
1153 Broadway, Brooklyn, NY 11221
Four-story mixed-use property with residential, retail, and community facility units.
Property Size15,517 SF
Price / SF$631.57
Days on Market1246
Property Features for 1153 Broadway
General Information
Standard status
Active
Size
15,517 SF
Class
A
Property subtype
Multifamily
Zoning
R6
Occupancy
97%
Net Operating Income
$588,000
Building Details
Buildings
2
Stories
4
Units
16
Listing Agency:
Safdie Realty Group
Listed By:
Roni Yaghoobzar · License #NY 10401324145
Source:
Crexi
Added: May 31, 2023
Changed: Oct 25
Last Checked: Oct 26 at 1:36PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$563,267
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,265,340
$11.3M
Cap Rate 7%
$8,046,671
$8.0M
Cap Rate 9%
$6,258,522
$6.3M
Market Conditions
NOI Build-Up for 15,517 SF
Gross rent
$1.02M $66.00/SF
− Vacancy
−$122.9K −$7.92/SF
EGI
$901.2K $58.08/SF
− OpEx
−$338.0K −$21.78/SF
NOI
$563.3K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,265,340
Cap Rate 7%
$8,046,671
Cap Rate 9%
$6,258,522
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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.
