$2,325,000
Updated 5 years ago
Off Market

1501 Broadway

Bushwick, Brooklyn | Saratoga Ave & Jefferson Ave

7,225 Square FeetMulti-Family

$2,325,000
floors / apts4 / 4
Lot Size25'x85'
Built Size25'x85'
ZoneR6
Building TypeLow-Rise
RE Taxes$21,956
Price Per SF
$322

Building Amenities

  • Voice Intercom

Property Description for 1501 Broadway

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 1501 Broadway. The subject property is a four (4) story mixed-use walk-up building located on Broadway between Jefferson Avenue and Cornelia Street in Bushwick. The property contains four (4) free market residential units, of which all are occupied, but have expiring leases in 2021. Two (2) of the apartments are configured as 4-bedrooms, and two (2) of them are configured as 2-bedrooms. There is also one (1) commercial unit, which is currently occupied by a gallery paying well under market for the main commercial corridor at $25/NSF. The lease for the commercial space expires on 7/31/21, making it perfect for an end user, or refilling the space closer to market rent. The current configuration of a four-family + one store conforms with the most recent final certificate of occupancy. 1501 Broadway is located in Bushwick, which has experienced a nearly 14% increase in its population since 2000—the largest increase in Brooklyn after Williamsburg, Greenpoint, Brooklyn Heights and Fort Greene—a trend that is expected to continue in the coming years.

Building Details for 1501 Broadway

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1915
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Halsey St
0.08 miles
Gates Av
0.29 miles
Chauncey St
0.48 miles

Citi Bike

Broadway & Hancock St
0.06 miles
Broadway & Madison St
0.13 miles

Contact Agents

Contact Agents

Josh Lipton
Invictus Property Advisors
Andrew Levine
Invictus Property Advisors
Brian Krakower
Invictus Property Advisors

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: 81582TH