1501 Broadway, Brooklyn, NY 11221
FOR SALE

1501 Broadway
Brooklyn, NY 11221

Bushwick
  • 10 Beds
  • 6 Baths
  • 8,500 sqft
  • 10 Beds
  • 6 Baths
  • 8,500 sqft

$2,875,000

Est. Mortgage $16,740/mo*
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Local Information

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Description

Seller open to all reasonable offers. Don't miss this exceptional opportunity at a 7% 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.
Property Website

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$338
Listed
84 days ago
Listing by: Oxford Property Group, (203) 936-7390

Home Details for 1501 Broadway

Days on Market

Days on Market: 84 Days on Trulia

Property Information

Year Built
Year Built: 1915
Property Type / Style
Property Type: Apartment

Price & Status

Price
Price Per Sqft: $338

Community

Units in Building: 4

Price History for 1501 Broadway

DatePriceEventSource
02/03/2024$2,875,000Listed For SaleStreetEasy
01/18/2024$3,200,000ListingRemovedStreetEasy
08/14/2023$3,200,000Listed For SaleStreetEasy
10/17/2018$2,200,000Sold
N/A
04/06/2000$115,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax
Assessment$862,000
Home facts updated by county records

Neighborhood Overview

Bushwick
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Bushwick

  • Trulia User
    "well location is amazing área to live, no insecurity, supermarkets, commercial areas. jaskdldkdanans"
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  • Trulia User
    "My neighborhood is like any neighborhood. It can be a hit or miss depending on the area you are located. Most of it is populated by hispanics and slowly being gentrified some love the change while others are still stuck on the past. "
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  • Trulia User
    "I've been living here for 4 years and for the most part everything you need is nearby with multiple options to choose from."
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  • Trulia User
    "I’m not a parent but you see many kids in the area and there are plenty of public and charter schools. "
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  • Trulia User
    "good place to live if you love to be close to restaurants and transportation. dont live here if you dont like loud music"
    1
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  • Trulia User
    "You see people Walking there dog and people are friendly. There is a lot of people here .parking is excellent here to."
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  • Trulia User
    "Great nightlife, lively atmosphere, great restaurants, loud at night in some areas. Great place for young ppl. "
    1
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  • Trulia User
    "It’s very trendy and close to the city. It’s also a haven for social media posters. You have so many amazing places to snap pics of !"
    0
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  • Trulia User
    "The Wide Variety Of Ethnic Groups, The Different Food They Bring To The Neighborhood, The Different Musical Backgrounds, And Just Literally How The People Are Just Soo Happy To Be Here..."
    2
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  • Trulia User
    "Community parties, art shows, unique stores and a eclectic array of delicious food! You can shop, go to any park and relax, get a drink or just watch all the different walk by"
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  • Trulia User
    "It is diverse, walkable, safe and easily accessible to all points throughout New York City. There is a lot of investment in the area bringing in new restaurants and attractions. Also great parks. "
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  • Trulia User
    "A lot of children and parks. Plenty of schools around the area. Very diverse neighborhood. It can be loud, but it’s nice"
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  • Trulia User
    "Pets are welcome in Bushwick. but owners don't always clean after their dogs. There's parks only for dogs in the neighborhood wich is a plus for dog lovers."
    1
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  • Trulia User
    "block parties, events in herbert von king park, the food, sidewalk barbecue, culture, family friendly events, access to museums and libraries"
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  • Trulia User
    "great, dog-friendly area! high amounts of car, bike and pedestrian traffic so could be hard for dogs who get overwhelmed easily. otherwise great!"
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  • Trulia User
    "it's a good neighborhood the commute is great the j train and m train lots of bus route is good the is fast"
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  • Trulia User
    "Not enough dog parks. Only Maria Hernandez has a designated dog park. Which is not the easiest to get to. All the others are not dog friendly."
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  • Trulia User
    "Neighborhood is beyond dog-friendly— it’s dog-enthusiastic! there are dog water bowls seen frequently at businesses/restaurants."
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  • Trulia User
    "Everything is right there! The A&C line, the 25, 26, and the 60 bus. Even the Lirr, they got it all there"
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  • Trulia User
    "It has a lot to offer, but still needs improvements of sidewalks and clean streets. Neighbors aren’t too chatty or care to get to know each other."
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  • Trulia User
    "I am not a dog owner so I wouldn’t know, I know one thing most dog owners don’t clean after their dog and it’s Disgusting. "
    0
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  • Trulia User
    "The neighborhood has changed, gentrification has taken over. Still this is bedstuy, don't let the sights fool you. Be aware but enjoy "
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  • Trulia User
    "There are the occasion festival or activity at the Maria Hernandez park. They have a farmer’s market every weekend. "
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  • Trulia User
    "I love this place it is very safe and urban I love the urban places. 80 % of People are very polite. "
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  • Trulia User
    "The amount of camaraderie in bedstuy really makes feel welcomed every time I am there. There are parks to connect with teacher and great restaurants for cozy nights at home. Overall, I can’t help but love bedstuy. "
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  • Trulia User
    "The transportation is usually on time. very crowded on public transportation and personal vehicle's. "
    0
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  • Trulia User
    "Highland Park is big an gorgeous and is very well maintained. The neighborhood is okay people are generally respectful. "
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  • Trulia User
    "Convenient. Nice neighborhood. Pricey but you get what you pay for. Convenience and everything else. "
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  • Trulia User
    "I have lived here for 2 years almost and it’s very loud, not kid friendly and dirty. I think if people don’t have kids is good for them,"
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  • Trulia User
    "Not safe to live, most look over your shoulder all the time. But the area is changing for the better"
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  • Trulia User
    "Trains are usually packed at rush hour so plan ahead. You should plan for train delays and packed trains. Avoid taxis at rush hour. "
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  • Trulia User
    "Its a 15 min walk, then a 30 min train ride. I don’t need to transfer so thats a big plus & there are subway seats available since COVID hit which is amazing."
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  • Hanah B.
    "Very quiet neighborhood for families to stay in and raise you get children. Pretty large amount of foot traffic. "
    8
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  • Chelsea.c.childress
    "The public transportation is great, being close to the J and multiple bus stops. Both are as pleasant of rides as one can ask for in New York. "
    1
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  • Joakema J. H. M.
    "The area has changed a lot. New restaurants and bars. It may not be good to raise a family but, it is good for a younger generation. Very pet friendly. Difficult to park. "
    3
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  • Lauren K.
    "It’s a fun area with lots of shops and restaurants. Some crime, but an exciting place to live. Lots of art!"
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  • Ms.mestzo1128
    "Picking up after there dog Living pop on the ground Dogs off the leash Owner like friendly dogs "
    1
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  • Perrine P.
    "Bushwick collective is held on Troutman ave every year at the beginning of summer. You get to witness a wide variety of artist create graffiti/wall art!"
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  • Pippa D.
    "They always have parties at the community centers, and there’s always churches and places serving food for the more simple people which is like nothing I’ve seen in my life before, I’m from Brazil and we do not see that there with the extend that it is here, they have better foods than I can afford and that just melts my heart, I love Bushwick!"
    2
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  • Ghael2306
    "It is a very safe and familiar neighborhood, it also has commercial stores, definitely a central location"
    16
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LGBTQ Local Legal Protections

Devon Benedict - Licensed Real Estate Salesperson, Oxford Property Group
1501 Broadway, Brooklyn, NY 11221 is a 10 bedroom, 6 bathroom, 8,500 sqft apartment built in 1915. 1501 Broadway is located in Bushwick, Brooklyn. This property is currently available for sale and was listed by StreetEasy on Feb 3, 2024.