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1238 Bedford Ave
Brooklyn, NY 11216
Multifamily Property For Sale · 8 Units
PROPERTY FACTS
No. Units | 8 | Lot Size | 0.05 AC |
Property Type | Multifamily | Building Size | 4,000 SF |
Property Subtype | Apartment | Average Occupancy | 50% |
Apartment Style | Mid Rise | No. Stories | 4 |
Building Class | C | Year Built | 1930 |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | C |
Lot Size | 0.05 AC |
Building Size | 4,000 SF |
Average Occupancy | 50% |
No. Stories | 4 |
Year Built | 1930 |
About 1238 Bedford Ave , Brooklyn, NY 11216
Auction:6/19 - 6/21: 1238 Bedford Ave, Brooklyn ***BIDDER DEPOSITS MUST BE PLACED ONLY BY WIRE TRANSFER OR CASHIERS CHECK. CREDIT CARDS AND BID AGREEMENTS WILL NOT BE ACCEPTED.*** Property tours are available Monday, June 19th from 10:30 AM - 1:00 PM. Please contact Edward Cronin at or or Daniel Doherty at or Investment Highlights 4,000 SF 4-story multi-family building in highly sought-after market Contains 8-units, including a 1st floor duplex, with 75% occupancy Recently renovated kitchens, baths, floors, and exposed brick walls Situated on a 20'x100' parcel totaling 5,400 SF 4-minute walk from Subway with quick access to Manhattan Investment Overview 1238 Bedford Avenue is an 8-unit 4-story multi-family complex located in Brooklyn, NY. 1238 Bedford Avenue (the "Property") is located between Halsey Street and Hancock Street, within the Bedford-Stuyvesant neighborhood of Brooklyn, NY. The 4,000 SF building was built in 1930 and recently underwent a full renovation including new kitchens, baths, floors, and exposed brick walls. It is ideally situated 3 blocks from both the Franklin Avenue and Bedford-Nostrand Subway Stations, providing quick access to both Manhattan and Williamsburg. The Property is currently 75% occupied, providing value-add opportunity through the leasing up of the remaining two vacant units. When fully occupied this asset has a projected NOI of $150,169. Bedford-Stuyvesant is an up-and-coming neighborhood in the highly-desirable Brooklyn residential market. Colloquially known as "Bed-Stuy", the area is currently undergoing a residential renaissance, with numerous luxury condo and rental buildings in development. This is largely due to the neighborhood's rapid growth, which has attracted a diverse mix of students, artists, and professionals, and caused scores of new cafes, restaurants, bakeries, boutiques, galleries, and wine bars to spring up in the area. Bed-Stuy has access to numerous Subway lines, including the A, C, and G, and is within driving distance of the Brooklyn-Queens Expressway and both the LaGuardia and JFK International Airports. This offering presents a new owner with the rare opportunity to operate a value-add multi-family property in one of the city's fastest gr
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PROPERTY TAXES
Parcel Number | 02000-0024 | Improvements Assessment | $286,830 |
Land Assessment | $13,950 | Total Assessment | $300,780 |
PROPERTY TAXES
zoning
Zoning Code | R6A |
R6A |
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Listing ID: 7152787
Date on Market: 5/10/2017
Last Updated:
Address: 1238 Bedford Ave, Brooklyn, NY 11216
The North Brooklyn Multifamily Property at 1238 Bedford Ave, Brooklyn, NY 11216 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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