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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33342866
33342868

861 Broadway, Brooklyn, NY 11206

DJ
NY 10401229409
Matthews
EK
NY 10401368202
Matthews
Listed by Matthews
$4,500,000
1 day on market
Updated 1 day ago

861 Broadway

Details
Property Type Mixed Use
Square Footage 8,250
Units 9
Cap Rate 7.89%
NOI $355,226
Year Built 1931
Acreage 0.050
Ground Lease No

Prime Bushwick Corner: 9 Free Market Units + Retail

Investment highlights

• Owner-User Potential: The ground-floor commercial space (1,035) is on a M-T-M lease, offering an owner-user opportunity on one of the most foot traffic corners in Brooklyn.

• Fully Free Market Asset: All 9 residential units are free market, offering an investor full flexibility to set rents at market rate — an increasingly rare find in Bushwick.

• Corner Presence on Broadway: 861 Broadway commands a highly visible corner position on one of Bushwick’s most active commercial corridors, with strong foot traffic and exceptional retail exposure.

• Strong In-Place Income: The property generates $470,484 in gross annual income with an NOI of $355,226, providing immediate and stable cash flow from day one.

• Month-to-Month Commercial Tenant: The ground-floor retail space (1,035 SF) is currently leased at $7,132/month on a month-to-month basis, offering a buyer the flexibility to re-lease at market or accommodate an owner-user.

• Transit-Oriented Location: Located near the J & M subway lines, providing residents with direct access to Williamsburg and Manhattan in under 25 minutes.

Listing Contacts

DJ
NY 10401229409
Matthews
EK
NY 10401368202
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$355,226.00
$29,602.17/mo

Valuation Metrics

0
DSCR
7.89%
Cap Rate
7.89%
ROI

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Additional Information

Name
Broker of Record
License
10311210106, 10991237833 (NY)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
575 5th Ave., Ste 2810 New York, NY 10017
Name
DJ Johnston
License
10401229409
Name
Evan Kashanian
License
10401368202
Brokerage Phone
9145618609
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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