Mixed-Use Building with
For Sale
Contact for pricing
Pending
1231-1235 Bedford Avenue, Brooklyn, NY 11216
Three contiguous buildings include 12 studio/1-bedroom units and four ground-floor retail stores, with residential units delivered vacant at closing.
Property Size9,900 SF
Days on Market113
Property Features for 1231-1235 Bedford Avenue
General Information
Standard status
Pending
Size
9,900 SF
Property subtype
Mixed Use
Zoning
C4-5D / R7D
Additional Details
Multifamily Units
12
Listing Agency:
Invictus Property Advisors
Listed By:
Andrew Levine · License #NY 10491208655
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 31 at 8:50AM
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 Invictus Property Advisors
Investment Insights
Based on property information with market context.
This sale features three contiguous mixed-use buildings comprising a total of twelve residential units and four ground-floor retail stores. The residential units are all studios/1-bedrooms, and they will be delivered vacant at closing. There are currently two vacant retail stores, which are expected to remain vacant, along with two occupied retail stores with leases expiring in March and August of 2020.
Each building measures 20' wide, creating a total of 60' of combined frontage across the three properties, with 9,900 gross square feet. The buildings sit at the intersection of Bedford Avenue and Fulton Street in Bedford-Stuyvesant.
The offering also presents a redevelopment pathway under a flexible C4-5D/R7D zoning framework, with the ability to pursue additional buildable square feet either as-of-right or with inclusionary housing upon redeveloping once the retail leases expire.
Each building measures 20' wide, creating a total of 60' of combined frontage across the three properties, with 9,900 gross square feet. The buildings sit at the intersection of Bedford Avenue and Fulton Street in Bedford-Stuyvesant.
The offering also presents a redevelopment pathway under a flexible C4-5D/R7D zoning framework, with the ability to pursue additional buildable square feet either as-of-right or with inclusionary housing upon redeveloping once the retail leases expire.
Key Highlights
- Three contiguous mixed‑use buildings totaling 12 residential units (all studios/1‑bedrooms) plus four ground‑floor retail stores
- Residential units will be delivered vacant at closing
- Two retail stores are currently vacant and will remain vacant
Property Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
6,422
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three contiguous buildings include 12 studio/1-bedroom units and four ground-floor retail stores, with residential units delivered vacant at closing.
Where is this apartment building located?
The property is located at 1231-1235 Bedford Avenue Brooklyn, NY.
What are key features of this property?
This property features: Three contiguous mixed‑use buildings totaling 12 residential units (all studios/1‑bedrooms) plus four ground‑floor retail stores; Residential units will be delivered vacant at closing; Two retail stores are currently vacant and will remain vacant
