$1,770,000
Updated 4 years ago
Off Market

1792 Broadway

Bushwick, Brooklyn | Chauncey Ave & Marion Street

3,300 Square FeetMixed Use

$1,770,000
floors / apts3 / 2
Lot Size20'x66'
Built Size20'x55'
ZoneR6
Building TypeLow-Rise
RE Taxes$5,229
Price Per SF
$536

Building Amenities

  • Voice Intercom

Property Description for 1792 Broadway

Your quest for the perfect Brooklyn investment ends here! 1792 Broadway is a mixed-use property that is fully leased with two large 4-bedroom free market apartments, over a single commercial space, located in the heart of Brooklyn. The building recently underwent a gut renovation that includes high-end finishes and all new mechanical systems / HVAC, electric, and plumbing. Each apartment is responsible for their own utilities including heat.

This well maintained turnkey asset has an in place six figure rent roll providing new ownership stable cash flow from day one. The retail component provides significant future upside as the area continues to expand and high traffic retail locations in this neighborhood become more valuable.

Recent development activity in the area includes: 1160 Flushing Avenue, which contains 238,000 square feet of mix of retail, office, and light industrial; Myrtle Point, which is 130,000 square feet of commercial retail space and 133 residential units; 50 Sackman Street, an 11-story mixed-use building with 83,450 square of residential space over retail. Additionally, Netflix recently opened a 170,000-square-foot studio in Bushwick. Please reach out to us for information on income and expenses for this property.

Listing History for 1792 Broadway

Now
12/20/2022
POM by Harlan Simon
Brown Harris Stevens Residential Sales LLC
11/29/2022
$1,770,000 [-$65,000] [3.5%]
Price Drop by Harlan Simon
Brown Harris Stevens Residential Sales LLC

Building Details for 1792 Broadway

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Chauncey St
0.08 miles
Bushwick Av-Aberdeen St
0.23 miles
Rockaway Av
0.29 miles
Broadway Junction
0.32 miles
Halsey St
0.47 miles

Citi Bike

Broadway & Furman Ave
0.11 miles
Rockaway Ave & Bainbridge St
0.14 miles

Contact Agents

Contact Agents

Harlan Simon
Brown Harris Stevens
John Caraccioli
Brown Harris Stevens

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: 88016TH