1254 Broadway, Bedford-Stuyvesant, Brooklyn

Bijou Equities is pleased to present the exclusive listing at 1254 Broadway — a 100%-occupied, 100% free-market mixed-use corner building in the heart of Bedford-Stuyvesant, Brooklyn. It delivers in-place income with real upside as rents are marked to market.

The 6,000 SF, four-story building holds three large free-market four-bedroom, two-bath apartments over a ground-floor retail store — four units in total. No residential units are rent-stabilized, giving ownership full control to mark rents to market on turnover.

The ground-floor retail tenant recently extended its lease through 2034, locking in the commercial income for the next decade.

Fully occupied, the asset generates $161,000 of net operating income — a 6.57% cap rate at a basis of $408 per square foot.

The property sits on a hard corner with dual frontage and strong retail visibility on Broadway, steps from the Gates Avenue J/Z station — offering durable in-place cash flow with a clear path to higher rents under new ownership.