$2,095,000
Updated 9 years ago
Off Market

1005 Broadway

Bushwick, Brooklyn | Lewis Ave & Stockton Street

3,500 Square FeetMixed Use

$2,095,000
floors / apts2 / 2
Lot Size20'x100'
Built Size20'x55'
Building TypeLow-Rise
RE Taxes$2,092
Price Per SF
$599

Building Amenities

  • Voice Intercom

Property Description for 1005 Broadway

1005 Broadway is a 3 unit brick building with 2 gut renovated free-market apartments and 1 white-box vacant commercial space. The building is 20 x 55 and the lot is 100. The current sqft of this building is 3,500, with 4,860 sqft buildable, which creates an opportunity for a large extension for your commercial space. Unit 3 is a 4Br/2Bath with washer/dryer rented for $3,300. Unit 2 is a 4Br/2Bath with washer/dryer rented for $3,200. Both residential units are rented until summer 2017. The commercial space is delivered vacant and projected rent is $4,000. This building offers at least a 5.3% cap rate.

This particular intersection of Broadway and Willoughby is open and airy and not too congested like other parts of Broadway. Across the street is a large new 50 unit rental building. Perpendicular from here is a large development site for a 98 unit residential building.

Nearby neighborhood amenities are Birdy's, Lone Wolf, Looking Glass Bar, Gallery Bar, Silent Barn, Bizzare Restaurant, La Lupe, Skytown, The Lions Den, and Harvest Cyclery. The J, M, Z train is a quick 2 blocks away.

Building Details for 1005 Broadway

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

Myrtle Av
0.15 miles
Kosciuszko St
0.3 miles
Central Av
0.33 miles

Citi Bike

Suydam St & Broadway
0.07 miles
Stuyvesant Ave & Hart St
0.12 miles

Contact Agents

Contact Agents

Stephanie O'Brien
Douglas Elliman
Jessica Peters
Douglas Elliman

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 66681TH