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1118 Bedford Ave

3,284 SF 100% Leased Retail Building Brooklyn, NY 11216 $1,950,000 ($594/SF)

Investment Highlights

  • High Traffic area
  • Fully built out commercial space on ground floor (66 SF +/-) and fully built out/finished cellar
  • Residential units independently metered with their own furnaces and hot water tanks
  • Numerous restaurants, coffee shops, bars and residential buildings surrounding
  • High incoming generating residential rentals, Two 2 bed / 2 bath units (1 unit with back deck)

Executive Summary

Prime Portfolio Property or Owner-User Opportunity.
1118 Bedford Ave is a large 21-foot-wide mixed-use building on coveted Bedford Ave surrounded by restaurants, coffee shops, bakeries, bars, grocery stores, the YMCA, etc. The building has a fully built-out ground floor commercial space & cellar (66 ft +/- deep) and two 2 bed / 2 bath residential units (1 with a private back deck).
The commercial unit is roughly 1,400 SF +/- on the ground floor and has another 1,000 + SF in the fully finished cellar.
The residential units are roughly 920 SF +/- per unit.
The commercial space is heated/cooled by HVAC on the ground floor, and there is a split unit in the cellar. Residential units are independently metered and have their own furnaces and hot water tanks.
The building has 4 electric meters, 3 gas meters, and 1 water meter.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,284 SF
Building Class
C
Year Built
2009
Price
$1,950,000
Price Per SF
$594
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.31
Land Acres
0.03 AC
Zoning
R6A/C2-4 - R6a, C2-4
Frontage
60 FT on Bedford Ave
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Ymca
Key Food
Bravo
Chase Bank
CTown
Blink Fitness
Coast To Coast LLC
Ridgewood Savings Bank
Golden Krust
Shake Shack

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01974-0026
Land Assessment
$9,600
Improvements Assessment
$96,900
Total Assessment
$106,500
  • Listing ID: 33087476

  • Date on Market: 9/6/2024

  • Last Updated:

  • Address: 1118 Bedford Ave, Brooklyn, NY 11216

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