Updated 5 years ago
Sold
1099 Broadway
Bedford Stuyvesant, Brooklyn | Lawton Street & Dodworth Street
14 Rooms6 Beds3 Baths3,450 Square FeetMixed Use
$1,500,000
floors / apts3 / 2
Lot Size23'3"x100'
Built Size23'x50'
ZoneR6
Building TypeLow-Rise
RE Taxes$7,681
Price Per SF
$435
This property was sold for $1,500,000 on 08/02/21.
Building Amenities
- Voice Intercom
Property Description for 1099 Broadway
If you're looking for a truly excellent investment opportunity in a prime Brooklyn location look no further than 1099 Broadway. Located in Bushwick on one of the busiest commercial corridors and only steps to the JMZ trains you would be hard pressed to find a better deal. Delivered completely vacant at closing this building has a foot print of 23x50 and sits on a lot of 23x100. It is spans over 3,400 square feet and is comprised of two very large three bedroom apartments each over 1,000 square feet, the commercial space is also over 1,000 square feet and could be home to any number of businesses. There is also a basement that stretches length and width of the building that can be coupled with the commercial space for added rental income. The zoning is great at R6/C2-3 the FAR is 2.43 and the ability to expand is possible. This is an excellent deal, perfect for a 1031 exchange. The projected rent roll is upwards of $10,000 per month, the expenses are limited and the possibilities are endless.
Listing History for 1099 Broadway
Now
08/02/2021
$1,500,000
Sold and Closed by Claudette Rolling
Compass
01/22/2021
Contract Signed by Claudette Rolling
Compass
Building Details for 1099 Broadway
OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/2
Transit and Citi Bike
Subway
Kosciuszko St
0.1 miles
Central Av
0.29 miles
Myrtle Av
0.35 miles
Citi Bike
Malcolm X Blvd & DeKalb Ave
0.06 miles
Broadway & Kosciuszko St
0.11 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
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: 80053TH
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