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$ 7,000,000
Est. payment /mo
New
1231 Bedford AVE Brooklyn, NY 11216
9,900 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,900 sqft
Price per Sqft $707
MLS Listing ID 503101
Year Built 1899
Annual Tax Amount $14,340
Property Sub-Type Mixed Use
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.
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.
Location
State NY
County Kings (brooklyn)
Area Bedford Stuyvesant
Zoning C4-5D
Rooms
Basement Sub-cellar
Interior
Interior Features Fire - Smoke Alarm
Hot Water Hot Water Coil in Boiler
Heating Oil
Flooring Linoleum
Heat Source Oil
Exterior
Exterior Feature Brick
Roof Type Asphalt/Tar
Building
Story 3
Foundation Stone
Others
Energy Description Oil
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Sarrazin Estates LTD