Your quest for the perfect Brooklyn investment ends here! 1792 Broadway is a mixed-use property that is fully leased with two large 4-bedroom free market apartments, over a single commercial space, located in the heart of Brooklyn. The building recently underwent a gut renovation that includes high-end finishes and all new mechanical systems / HVAC, electric, and plumbing. Each apartment is responsible for their own utilities including heat.
This well maintained turnkey asset has an in place six figure rent roll providing new ownership stable cash flow from day one. The retail component provides significant future upside as the area continues to expand and high traffic retail locations in this neighborhood become more valuable.
Recent development activity in the area includes: 1160 Flushing Avenue, which contains 238,000 square feet of mix of retail, office, and light industrial; Myrtle Point, which is 130,000 square feet of commercial retail space and 133 residential units; 50 Sackman Street, an 11-story mixed-use building with 83,450 square of residential space over retail. Additionally, Netflix recently opened a 170,000-square-foot studio in Bushwick. Please reach out to us for information on income and expenses for this property.