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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33343305
33343306

863 Broadway, Brooklyn, NY 11206

DJ
NY 10401229409
Matthews
EK
NY 10401368202
Matthews
Listed by Matthews
$3,250,000
1 day on market
Updated 0 days ago

863 Broadway

Details
Property Type Retail
Square Footage 6,000
Units 6
Cap Rate 7.08%
NOI $212,372
Occupancy 100%
Tenancy Multi
Price per SqFt $541
Acreage 0.050
Ground Lease No

Retail | 7.08% CAP | 6,000 SqFt

Investment highlights

• Fully Free Market Asset: All 6 residential units are free market, giving the next owner complete control over rents in one of Brooklyn’s most active rental markets.

• Rare Long-Term Retail Lease Through 2035: The ground-floor commercial space (1,125 SF) is leased through 2035 at $6,000/month, providing a buyer with nearly a decade of predictable, locked-in commercial income from day one.

• Strong In-Place Income: The property generates $309,300 in gross annual income with an NOI of $205,834, delivering immediate and stable cash flow backed by free market residential rents.

• Uniform 3-Bedroom Unit Mix: All 6 residential units are spacious 3-bedroom/1-bath apartments averaging 660 NSF, appealing to a wide pool of renters and supporting strong retention and lease-up.

• Prime Bushwick Location on Broadway: Situated on Broadway, Bushwick’s main commercial corridor, with immediate access to local retail, restaurants, and the energy of one of Brooklyn’s fastest-growing neighborhoods.

• 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
$212,372.00
$17,697.67/mo

Valuation Metrics

0
DSCR
6.53%
Cap Rate
6.53%
ROI

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Additional Information

Name
Cory Rosenthal
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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