1005 Broadway is a 3 unit brick building with 2 gut renovated free-market apartments and 1 white-box vacant commercial space. The building is 20 x 55 and the lot is 100. The current sqft of this building is 3,500, with 4,860 sqft buildable, which creates an opportunity for a large extension for your commercial space. Unit 3 is a 4Br/2Bath with washer/dryer rented for $3,300. Unit 2 is a 4Br/2Bath with washer/dryer rented for $3,200. Both residential units are rented until summer 2017. The commercial space is delivered vacant and projected rent is $4,000. This building offers at least a 5.3% cap rate. This particular intersection of Broadway and Willoughby is open and airy and not too congested like other parts of Broadway. Across the street is a large new 50 unit rental building. Perpendicular from here is a large development site for a 98 unit residential building. Nearby neighborhood amenities are Birdy's, Lone Wolf, Looking Glass Bar, Gallery Bar, Silent Barn, Bizzare Restaurant, La Lupe, Skytown, The Lions Den, and Harvest Cyclery. The J, M, Z train is a quick 2 blocks away.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
