House for sale, 1501 Broadway, in New York, United States

Don't miss this exceptional opportunity at a 7% projected cap rate to acquire a Free Market, 5-unit mixed-use building situated at the crossroads of two of the most trendy neighborhoods in Brooklyn: Bushwick and Bedford-Stuyvesant. Positioned on Broadway, a bustling corridor with high and diverse foot traffic, this expansive property occupies a 25ft x 80ft lot and boasts over 8500 square feet of rentable space. Of this, 1500+ square feet are dedicated to a fully leased commercial store, while the remaining area comprises of four oversized and lofty residential units with potential for rent increases. Additionally, beneath the commercial section lies an additional 1500 square feet, offering potential rent as storage space, a laundry facility, or flexible space. With diligent upkeep over the years, this property stands as a great turnkey investment opportunity. Situated along the vibrant street of Broadway and adjacent to the J train (Halsey Station), it promises to be a valuable asset in any investment portfolio, delivering steady income and long-term appreciation.