ARM Real Estate Group has been retained on an exclusive basis for the sale of 1641 Broadway, a mixed-use building consisting of 6 vacant apartments and 1 retail store. The property is located between Eldert Street and Covert Street and just a few blocks away from the J and Z trains. All 6 of the apartments have recently underwent an entire gut renovation. The retail tenant has been there for over 10 years and has approximately 5 years left on their lease and is paying a below market rent. Additionally, the retail tenant pays 25% of the real estate taxes over their base year. Setup and Rent roll available.
Off market
$1,881,400
1641 Broadway STE 1, Brooklyn, NY 11207
12beds
6,900sqft
MultiFamily
Built in 1931
-- sqft lot
$1,881,400 Zestimate®
$273/sqft
$3,885 Estimated rent