1231 Bedford Avenue, Brooklyn, New York 11216
- $6,500,000
- 9,900
- SqFt
- List Price
- $6,500,000
- Status
- ACTIVE
- Days on Market
- 56
- Price Change
- ▼ $500,000 1787970727
- MLS#
- 503101
- Year Built
- 1899
- Living Area
- 9,900
- Lot Size
- 4,800
- MLS Area Major
- Bedford Stuyvesant
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.
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Additional Information
- Taxes
- $14,340
- Financing
- 1031 Exchange, Bank Mortgage, Cash
- Zoning
- C4-5D
- Flooring
- Linoleum
- Heating
- Oil
- Exterior Features
- Brick
- Stories
- 3
- Roof
- Asphalt/Tar
- Foundation
- Stone
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