Five-Story Mixed-Use Elevator Building in Bushwick
911 Broadway
Bushwick
B15, B46, B47, B54
I would like to be contacted:
718-395-1877
Want Matthew to contact you?
I would like to be contacted:
Google MapsDetails
Overview
TerraCRG has been retained to exclusively represent ownership in the sale of 911 Broadway, a large mixed-use elevator building, located in the bustling neighborhood of Bushwick, Brooklyn.
This five-story 7,775 SF property is fully occupied and renovated with a total of 8 units, comprised of 7 apartments and 1 commercial space. The building’s residential unit mix consists of 1 Studio, 2 two-bedroom units, and 4 three-bedroom units. The commercial space is currently occupied by Fuel Juice Bar, a local health-conscious pit-stop that provides Brooklynites with cold-pressed juices, wraps, and much more.
Under current ownership, the property qualified for the J-51 tax exemption, making the residential apartments stabilized. The abatement, which expires in 2028, will phase out 20% per year until 2026. However, once the abatement period ends in 2032, these residential units will then become free market.
Attractions
Straddled between Bushwick, Bedford Stuyvesant, and Williamsburg, 911 Broadway sits close to popular local nightlife, restaurants, bars, and coffee shops. Located less than one block away from the Myrtle Avenue train station, serviced by the J, M, and Z, this property benefits from the multiple nearby transit options that not only allow access to both Williamsburg and Union Square in minutes, but also attract creatives from all over the world to explore Bushwick, “one of the world’s coolest neighborhoods” as listed by Vogue.
