1945 Broadway, Brooklyn, New York 11207

Property Description

PRIME BROADWAY JUNCTION/ BUSHWICK LOCATION. MIXED-USE BUILDING WHICH FEATURES, FIVE BEAUTIFULLY RENOVATED RESIDENTIAL APARTMENTS + A 700 SQUARE FOOT, VACANT COMMERCIAL SPACE. THIS CHARACTER RICH BUILDING FEATURES SPACIOUS APARTMENTS WITH EXPOSED BRICK WALLS, BEAUTIFUL HARDWOOD FLOORS AND VERY HIGH CEILINGS. WITH A NET OPERATING INCOME OF $123,963.81 FROM A 6,500 SQUARE FOOT BUILDING, THE PROPERTY DELIVERS $19.07 PER SQUARE FOOT IN NOI, DEMONSTRATING SOLID INCOME GENERATION. TENANTS PAY THEIR OWN HEAT AND HOT WATER, REDUCING OWNER OPERATING EXPENSES AND INCREASING INVESTMENT STABILITY. THIS PROPERTY OFFERS EXCEPTIONAL VALUE FOR USERS OR INVESTORS SEEKING EXPOSURE TO BROOKLYN'S GENTRIFICATION WAVE, WHILE MINIMIZING ENTRY COST. THE BROADWAY JUNCTION AREA IS EXPERIENCING UNPRECEDENTED PUBLIC AND PRIVATE INVESTMENT THAT WILL DRAMATICALLY ENHANCE PROPERTY VALUES AND NEIGHBORHOOD DESIREABLITY IN THE COMING YEARS. BROADWAY JUNCTION IS A MAJOR TRANSIT HUB, WITH DIRECT SUBWAY SERVICE TO MANHATTAN VIA THE A, C, J, L AND Z TRAINS. PRICED TO SELL. HURRY WON'T LAST!!