1005 Broadway - Bushwick, New York
1005 Broadway is a 3 unit brick building with 2 gut renovated free-market apartments and 1 white-box vacant commercial space. The building is 20 x 55 and the lot is 100. The current sqft of this building is 3,500, with 4,860 sqft buildable, which creates an opportunity for a large extension for your commercial space. Unit 3 is a 4Br/2Bath with washer/dryer rented for $3,300. Unit 2 is a 4Br/2Bath with washer/dryer rented for $3,200. Both residential units are rented until summer 2017. The commercial space is delivered vacant and projected rent is $4,000. This building offers at least a 5.3% cap rate.
This listing courtesy of Douglas Elliman