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1231 Bedford Avenue, Brooklyn, New York, New York 11216

$6,500,000

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Property Details

Neighborhood: Bedford Stuyvesant Tax Amount: $14340.00 MLS Number: 503101 Bldg Size: 20 x 55 Lot Size: 60 x 80 Lot SqFt: 4800

Property Description

The sale of three adjoining mixed-use properties at 1231, 1233 and 1235 Bedford Avenue. The portfolio is offered only as a single package and contains 12 rent stabilized one-bedroom apartments and four commercial units. All commercial units will be delivered vacant and free of commercial tenancies at closing. INVESTMENT THESIS Vacant commercial delivery creates immediate leasing and repositioning optionality. Four vacant residential apartments and two pending create additional value-add potential, subject to applicable law. Reported development potential materially exceeds the existing building area, subject to independent architectural and legal verification. All-cash and third-party financed acquisitions will be considered with appropriate proof of funds or lender support and customary due diligence.

Property Type Mixed Use

Property Status: Active

Dalia Samouha

Real Estate Broker

Cell: 718.687.7576

Email: [email protected]

Instagram: @idealpropertiesrealty

Location

1231 Bedford Avenue, Brooklyn, New York, New York 11216