124 Bedford Ave Brooklyn, NY 11249-1988
- Investment properties
- 5,500 SF
- 0.04 lot acres
Current Use by Public Records
- Little Axe Salon / Hair Salon
- Allswell / Breakfast Restaurant / Brunch Restaurant
- Uvoria Labs / Store
Property Details for 124 Bedford Ave
- Year built
- 1900
- Lot size
- 0.04 lot acres
- Property size
- 5,500 SF
- Zone code
- R6A
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 02297-0020
- APU
- 22970020
Description
This exceptional multifamily investment opportunity presents a well-maintained eight-unit apartment building situated at 124 Bedford Avenue in the highly sought-after Williamsburg neighborhood of Brooklyn, New York. The property boasts a total of 5,500 square feet and sits on a 0.06-acre lot. Constructed in 1900, this four-story building features six residential units, all stabilized, and two ground-level commercial spaces, providing a diverse income stream. The building is zoned R6A, allowing for a variety of potential uses and future development possibilities. On-site parking is available for three vehicles. The asking price for this income-producing asset is $5,500,000. This property represents a compelling investment opportunity in a vibrant and rapidly appreciating market. Its strong rental history and prime location make it an attractive proposition for discerning investors seeking stable returns and long-term growth potential in one of Brooklyn's most desirable neighborhoods. The building's solid construction and established tenancy provide a secure foundation for future profitability. This is a rare chance to acquire a well-positioned multifamily property in a thriving area of New York City.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.956
- Latitude
- 40.7197
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
