1153 Broadway Brooklyn, NY 11221
- Retail residential properties
- 15,518 SF
- 0.07 lot acres
Current Use by Public Records
- Charles A. Ciaccio, RPH / Pharmacy
- 1153 Gourmet Market Corp / Grocery Store
- La Cafeteria Bk / Breakfast Restaurant / Restaurant
- We Care Home Health Care / Surgical Supply Store / Health
- Kenneth Silverman / Pharmacy
Property Details for 1153 Broadway
- Year built
- 1931
- Lot size
- 0.07 lot acres
- Property size
- 15,518 SF
- Zone code
- R6
- Property type
- Retail residential properties
- APN
- 03252-0009
- APU
- 32520009
Description
This exceptional Class A mixed-use property, located at 1153-1155 Broadway in Brooklyn, NY (zip code 11221), presents a compelling investment opportunity. The newly constructed, four-story building boasts a total of 15,517 square feet, encompassing 16 units: fourteen residential apartments and two commercial spaces. Situated on a 3,225 square foot lot, the property benefits from a prime location, steps away from the Kosciuszko Street and Central Avenue stations (J & M train lines), providing convenient access to both Brooklyn and Manhattan. The building features a 97% occupancy rate, generating a current NOI of $588,000 and a pro-forma NOI of $618,100, resulting in a current cap rate of 6.00% and a pro-forma cap rate of 6.31%. The asking price is $9,800,000, translating to a price per square foot of $631.57 and a price per unit of $612,500. Amenities include a gym, laundry room, storage, and rooftop access. The property is zoned R6 and benefits from a 421a tax abatement. Tenants are responsible for all utilities. This turnkey investment offers significant potential for strong returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9282
- Latitude
- 40.6933
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
