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171 Bedford Ave
Brooklyn, NY 11211
Retail Property For Sale


Investment Highlights
- Prime Williamsburg location amid significant retail and residential development.
- Individually metered for electric and gas with tenant-paid heat.
- Flexible zoning allows second floor to convert to commercial space.
- Three-story mixed-use building with retail and two large apartments.
- 875 square feet of air rights available for expansion or duplex creation.
- Steps from the L train for quick connectivity to Manhattan.
Executive Summary
A 25’ wide 2-unit three-story mixed-use building. The property has a store on the ground floor. This floor has access to the basement and back yard. The basement is built full. The second floor is a four-bedroom, two bathroom floor-through apartment. The third floor is also four-bedroom, two bathroom floor-through apartment. The units have a full kitchen and bathroom along with a living/dining area. The property is individually metered for electric and gas.
The property is a great investment opportunity, the units have their own boilers and they can also have their own water heaters. There is one water heater for the building. The apartment are free market and can demand top rents for them.
The building makes a great user opportunity, they can have their business on the first floor, live on the second floor and rent out the third floor for income. Zoning allows for the second floor to be converted into commercial space. The 875 square feet of air rights can be added to the third floor unit to create a duplex apartment.
Williamsburg is under a lot of development with new buildings and retail stores being developed. There is easy access to the city via the L train on N 7TH Street & Driggs Avenue.
The property is a great investment opportunity, the units have their own boilers and they can also have their own water heaters. There is one water heater for the building. The apartment are free market and can demand top rents for them.
The building makes a great user opportunity, they can have their business on the first floor, live on the second floor and rent out the third floor for income. Zoning allows for the second floor to be converted into commercial space. The 875 square feet of air rights can be added to the third floor unit to create a duplex apartment.
Williamsburg is under a lot of development with new buildings and retail stores being developed. There is easy access to the city via the L train on N 7TH Street & Driggs Avenue.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,625 SF
Building Class
C
Year Built
1910
Price
$14,069,999 CAD
Price Per SF
$2,123.77 CAD
Cap Rate
2.80%
NOI
$394,255 CAD
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.56
Lot Size
0.06 AC
Zoning
R6B - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx.
Frontage
25’ on Bedford Ave
Property Taxes
| Parcel Number | 02320-0007 | Improvements Assessment | $611,438 CAD |
| Land Assessment | $24,141 CAD | Total Assessment | $635,579 CAD |
Property Taxes
Parcel Number
02320-0007
Land Assessment
$24,141 CAD
Improvements Assessment
$611,438 CAD
Total Assessment
$635,579 CAD
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