Three-Story Mixed-Use Retail and
For Sale
Contact for pricing
Pending
355 Bedford Avenue, Brooklyn, NY 11201
Three-story mixed-use building with retail on the ground level and two free-market apartments above.
Property Size4,140 SF
Days on Market112
Property Features for 355 Bedford Avenue
General Information
Standard status
Pending
Size
4,140 SF
Property subtype
Multifamily, Retail, Mixed Use
Additional Details
Multifamily Units
2
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
JLL - New York City, New York
(212) 376-5449
Listed By:
Brendan Maddigan · License #NY 10301206472
Source:
Crexi
Added: Apr 10
Changed: Jul 21
Last Checked: Jul 29 at 5:16PM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
This three-story, mixed-use building totals 4,140 SF and includes two free-market apartments above a retail space currently occupied by a Pilates studio. The commercial lease is set to expire in September of 2017 and includes a two-year renewal option at an improved rate of $4,800 per month. The property is currently generating approximately $150,000 annually, noted as being well below projected potential income. There is also an opportunity to add a fourth floor using additional development rights.
The building is located roughly four blocks from the J M Z train station, providing direct access to Manhattan without transfers, with the L and G trains also nearby. The area is expected to see increased foot traffic from the planned 3.3 million SF Domino Sugar Refinery mega-development, along with other large-scale residential projects in the vicinity.
From an operational standpoint, the building’s current setup supports retail income with residential units above, with leasing and redevelopment considerations that can impact future returns as the commercial lease term approaches expiration.
The building is located roughly four blocks from the J M Z train station, providing direct access to Manhattan without transfers, with the L and G trains also nearby. The area is expected to see increased foot traffic from the planned 3.3 million SF Domino Sugar Refinery mega-development, along with other large-scale residential projects in the vicinity.
From an operational standpoint, the building’s current setup supports retail income with residential units above, with leasing and redevelopment considerations that can impact future returns as the commercial lease term approaches expiration.
Key Highlights
- 3‑story mixed‑use building at 355 Bedford Avenue, Brooklyn, with 4,140 SF total and retail on the ground level plus two free‑market apartments above
- Retail tenant is a Pilates studio; commercial lease expires September 2017 with a two‑year renewal option at an improved rate of $4,800/month
- Property earns approximately $150,000 annually, below projected potential income
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-story mixed-use building with retail on the ground level and two free-market apartments above.
Where is this duplex located?
The property is located at 355 Bedford Avenue Brooklyn, NY.
What are key features of this property?
This property features: 3‑story mixed‑use building at 355 Bedford Avenue, Brooklyn, with 4,140 SF total and retail on the ground level plus two free‑market apartments above; Retail tenant is a Pilates studio; commercial lease expires September 2017 with a two‑year renewal option at an improved rate of $4,800/month; Property earns approximately $150,000 annually, below projected potential income
