1150 Broadway trades for $23.5M

Overview

JLL Capital Markets announced the $23.5 million sale of 1150 Broadway in Bedford-Stuyvesant, according to JLL's release. City records show a deed dated July 30, 2026 and recorded August 11, 2026, transferring the property, along with 1164 Broadway, to Broadway Plaza II LLC for $23,500,000.

According to JLL, the buyers are Brooklyn-based YS Developers and Rabsky Group, and the seller is A-PLUS International Realty. The deed lists the grantor as A Plus Realty Corp.

JLL describes the property as a corner development site with about 475 feet of wraparound frontage along Lafayette Avenue, Kosciuszko Street, Kossuth Place and Broadway, directly in front of the Kosciuszko Street J train station. The site sits in a federally designated Qualified Opportunity Zone, per JLL.

JLL says the City of Yes for Housing Opportunity program allows up to 133,917 square feet of as-of-right zoning floor area, and that the site is eligible for the 485-x tax abatement program.

A large, fully assembled corner site beside a subway entrance, with expanded zoning under City of Yes, is the kind of parcel that can support a sizeable residential project. The buyers' identity, as reported by JLL, signals that multifamily development is the likely use, though no plans were announced in the release.

Parties Involved 7 recorded

Counts and combined values are computed from Hush Street’s own published Deal records only. “Combined” is the total value of the transactions a party appears on, not capital deployed by that party, and two parties on the same transaction each reflect its full amount. Not a career or market total.

Marks shown are Hush Street editorial monograms, generated from each party’s recorded name — not official company logos.

Property & Project