$2,875,000
Updated 2 years ago
Off Market

1501 Broadway

Bushwick, Brooklyn | Saratoga Ave & Jefferson Ave

7,225 Square FeetMixed Use

$2,875,000
floors / apts4 / 4
Lot Size25'85"x85'
Built Size25'85"x85'
ZoneR6
Building TypeLow-Rise
RE Taxes$21,957
Price Per SF
$398

Building Amenities

  • Voice Intercom

Property Description for 1501 Broadway

Don't miss this exceptional opportunity to acquire a, versatile 5-unit mixed-use building situated at the crossroads of Bushwick and Bedford-Stuyvesant in Brooklyn. Positioned on Broadway, a bustling thoroughfare 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 residential units with potential for rent increases. Additionally, beneath the commercial section lies an additional 1500 square feet, offering potential for rental as storage, a laundry facility, or flexible space for supplemental. With diligent upkeep over the years, this property stands as a turnkey investment opportunity. Situated along the vibrant corridor 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.

Building Details for 1501 Broadway

OwnershipMixed Use
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 Agent

Contact Agent

Devon Benedict
FIND Real Estate

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