Two-Bedroom Condo with Washer and
For Sale
$699,000
1240 Bedford Avenue 4B, Brooklyn, NY 11216
Renovated two-bedroom, one-bath condo with in-unit full-size washer and dryer and a vented kitchen.
Property Size850 SF
Price / SF$822.35
Days on Market130
Property Features for 1240 Bedford Avenue 4B
General Information
Standard status
Active
Size
850 SF
Elevators
Yes
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$504
Amenities
common courtyard
BBQ grills
laundry facility
bike storage
parking lot
virtual doorman
super
pet-friendly
elevator
washer/dryer
Building Details
Building Size
850 SF
Year Built
2003
Listing Agency:
Corcoran Group
Listed By:
Quinn Hagstrand · License #10401212182 (NY)
(917) 626-6597
Source:
Carlinwright
Added: Jun 2
Changed: Oct 6
Last Checked: Oct 7 at 5:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Group
Investment Insights
Based on property information with market context.
Welcome to 1240 Bedford Avenue #1F, a beautifully renovated, light-filled two-bedroom, one-bath condominium residence in a boutique elevator building. The interior is thoughtfully reimagined with a renovated vented kitchen featuring sleek cabinetry and stainless steel appliances. The spacious living and dining area is filled with natural light, while both bedrooms offer generous proportions. The updated bathroom features elegant tile work and contemporary fixtures, and the home includes full-size washer and dryer for day-to-day convenience.
Residents also enjoy building amenities including a common courtyard with BBQ grills, a laundry facility, bike storage, parking lot, virtual doorman, and a super. The community is pet-friendly, and the building provides a 421-A tax abatement through 2030, with heat, hot water, and cooking gas included in the common charges. Built in 2003, this home is located about one block from the A & C trains at Nostrand Avenue, with additional transit options nearby.
All showings are by appointment only.
Residents also enjoy building amenities including a common courtyard with BBQ grills, a laundry facility, bike storage, parking lot, virtual doorman, and a super. The community is pet-friendly, and the building provides a 421-A tax abatement through 2030, with heat, hot water, and cooking gas included in the common charges. Built in 2003, this home is located about one block from the A & C trains at Nostrand Avenue, with additional transit options nearby.
All showings are by appointment only.
Key Highlights
- Renovated two‑bedroom, one‑bath condo with full‑size washer and dryer
- Renovated vented kitchen with stainless steel appliances
- Updated bathroom with elegant tile work and contemporary fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,950
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,000
$519.0K
Cap Rate 7%
$370,714
$370.7K
Cap Rate 9%
$288,333
$288.3K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$48.1K $56.64/SF
− Vacancy
−$963 −$1.13/SF
EGI
$47.2K $55.51/SF
− OpEx
−$21.2K −$24.98/SF
NOI
$25.9K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,000
Cap Rate 7%
$370,714
Cap Rate 9%
$288,333
Alternative Uses
Best Use
Apartment 5plus
$370.7K
$324.4K – $432.5K
NOI $25,950 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$703.8K
$615.8K – $821.1K
NOI $49,266 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated two-bedroom, one-bath condo with in-unit full-size washer and dryer and a vented kitchen.
Where is this residential income property located?
The property is located at 1240 Bedford Avenue 4B Brooklyn, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Renovated two‑bedroom, one‑bath condo with full‑size washer and dryer; Renovated vented kitchen with stainless steel appliances; Updated bathroom with elegant tile work and contemporary fixtures
