This listing was posted on ListedBuy.
$1,750,000
1792 Broadway
Price:
$1,750,000
BR/BA:
8 BR, 3 BA
Location:
1792 Broadway, New York, NY
Description:
1792 Broadway is a mixed-use, turn-key investment opportunity in Ocean Hill. Built in 1925, and gut-renovated in 2018, this three story building is delivered with secured tenants in the residential units. The commercial space can be delivered occupied or vacant, at buyer's request. Current monthly saleal income is $9,150, with low monthly expenses; current CAP rate 5.4%, projected rate is 7%. This brick-facade property, spanning 20 ft wide and 55 ft deep, is configured as two residential units, and a street-level retail space, plus basement storage. Full Gut Renovation in 2018, works included: + New roof + New windows + Complete electrical rewire, including new electric panel box + New plumbing + HVAC system installed with split A/C units + Addition of three new separate hot water heaters + Brand new modern kitchen, and bathrooms, with stainless steel appliances including full-size dishwasher + Washer and dryer installed in both apartments Hardwood floors throughout and skylights on top floor Ocean Hill is ideally nestled between thriving Bushwick, Bedford Stuyvesant and Crown Heights and is easily accessed via multiple train lines to include L J Z A & C, with Union Square only 30 minutes away. The area is prosperous, with multiple large condo developments popping up in the local vicinity. 1801 Broadway, located across the street, boasts 41 condos & sought after commercial space. The commercial space on the ground floor with glass frontage at street level, is home to a local salon and event space. If saleed, the 900 sqft basement can increase the saleal income, either as 'storage' or renovated it can be additional commercial space. This area continues to attract the opening of many new businesses, with recent additions to the area including The Broadway, Brooklyn Whiskers Bakery, Cup of Brooklyn, Gems of Brooklyn, Tre' Jolie Cafe, Salud Bar & Grill, The Steel Mill and House Party Cafe. Both saleal units have a four bedroom layout, maximizing potential. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
3,300 sq. ft.
Amenities:
AC, Dishwasher, Storage, Washer Dryer, Wood Floors
For sale by:
By Owner
Posted:
July 24 2023 on ListedBuy
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More About this Listing: 1792 Broadway
1792 Broadway is a Eight Bedroom 3.5 Bath Multi-Family Real Estate for Sale at 1792 Broadway in New York NY. Find other listings like 1792 Broadway and listings near 1792 Broadway by searching Oodle Classifieds for Eight Bedroom 3.5 Bath Multi-Family Real Estate for Sale in New York NY.
1792 Broadway is a Eight Bedroom 3.5 Bath Multi-Family Real Estate for Sale at 1792 Broadway in New York NY. Find other listings like 1792 Broadway and listings near 1792 Broadway by searching Oodle Classifieds for Eight Bedroom 3.5 Bath Multi-Family Real Estate for Sale in New York NY.