$4,000,488

Estimated payment $23,730/month

Total Views 2,983
8 Beds
8 Baths
3,292 Sq Ft
$1,215 Price per Sq Ft

About This Home

Prime 8-unit brownstone with parking! Located in the heart of one of the most sought-after neighborhoods, 538 East Broadway presents a rare opportunity to acquire a legacy asset that offers both character and long-term value. This classic brick brownstone features 8 well-maintained residential units, each reflecting the timeless charm and architectural details that make these properties so desirable. The building’s solid brick construction ensures both durability and aesthetic appeal, while the generous 8-unit configuration provides the perfect balance of income potential and livability. Additionally, the property includes the coveted bonus of on-site parking, a true rarity in this prime location. This is an ideal opportunity for savvy investors looking to capitalize on a high-demand area with enduring value. Easy access to local amenities, transit, and vibrant neighborhood restaurants and hotspots.

Listing Agent

Ryan Foley

Greater Metropolitan R. E. Listed on: 05/12/2025

Co-Listing Agent

Ryan Bartlett

Greater Metropolitan R. E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,918

Year Built

  • Built in 1920

Lot Details

  • 2,666 Sq Ft Lot

Home Design

  • 3,292 Sq Ft Home
  • Brick Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Open Parking
  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 1414715

Community Details

Overview

  • 8 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $48,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,918

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1920
  • Levels: 5
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 5

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 8
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Total Bathrooms: 8
  • Above Grade Finished Sq Ft: 3292
  • Living Area: 3292
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: NB1092
  • LIST PRICE PER Sq Ft: 1215.22
  • PRICE PER Sq Ft: 1215.22

Exterior Features

  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Waterfront Features: Beach Front, 3/10 to 1/2 Mile To Beach
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: 1414715
  • Zoning: RES
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2666
  • Lot Size Units: Acres
  • PAGE: 285

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 21918.05
  • Tax Book Number: 52041

Multi Family

  • Gross Income: 213900
  • Net Operating Income: 48600
  • Number Of Units Total: 8
  • Total Actual Rent: 17825
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 For Sale $4,000,488 -- $1,215 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73373229

MLS Property Information Network (MLS PIN)