1231 Bedford Avenue
Bedford Stuyvesant | Halsey St & Fulton St
Ownership
Mixed Use
Lot Size
60'x80'
Status
Active
Real Estate Taxes
[Per Annum]
$ 14,340
Building Size
20'x55'
Year Built
1899
ASF/ASM
9,900/920
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.
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.
Listing Courtesy of Sarrazin Estates LTD
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Apartment Features
Exposed Bricks
Building Details [1231 Bedford Avenue]
Ownership
Mixed Use
Block/Lot
1842/7
Building Size
20'x55'
Zoning
C4-5D
Year Built
1899
Floors
3
Lot Size
60'x80'
Mortgage Calculator in [US Dollars]
Maria Castellano
License
Licensed As: Real Estate Broker/Owner
Licensed Real Estate Broker/Owner
W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 503101