1254 Broadway Immeuble residentiel 4 lots À vendre Brooklyn, NY 11221

Bijou Equities has been retained on an exclusive basis to sell 1254 Broadway, a corner mixed-use building on the
border of Bushwick and Bedstuy.
The four-story building totals 6,000 SF and consists of three full-floor residential units - each a spacious 4-bedroom /
2-bath layout with an in-unit washer/dryer — over a long-established ground-floor deli.
All three apartments are currently renting below market- an average of $3,600/mo where market rents is close to
$4,500/mo offering immediate upside at turnover. Once you bring rents to market, at asking price you are building to
an 8% Cap Rate.
The corner deli occupies a long-term lease running through 2034 with 33% expense reimbursements and 3% annual
increases.
The property sits directly on the Broadway retail corridor at the corner of Greene and Lexington Avenues, steps from
the J / Z trains at Kosciuszko Street and Gates Avenue.