Brooklyn Commercial Building on
For Sale
$3,600,000
1281 Bedford Avenue, Brooklyn, NY 11216
Three-story, fully detached commercial building in Bedford-Stuyvesant for sale.
Property Size5,700 SF
Lot Size0.05 Acres
Price / SF$631.58
Days on Market446
Property Features for 1281 Bedford Avenue
General Information
Standard status
Active
Size
5,700 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$33,372
Building Details
Year Built
1910
Units
1
Listing Agency:
Bedford Stuyvesant
(862) 823-2674
Listed By:
Daniel Cohen · License #10401261296
(862) 823-2674
Source:
Corcoran
Added: May 22, 2025
Changed: Aug 8
Last Checked: Apr 5 at 8:21PM
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 Bedford Stuyvesant
Investment Insights
Based on property information with market context.
Located on Bedford Avenue in Brooklyn, this three-story, fully detached commercial building offers an investment opportunity in Bedford-Stuyvesant. The building provides 5,700 square feet of space across three floors. The property is situated on a lot measuring 20" x 107", which is the same size as the building. The location on Bedford Avenue is a high-traffic corridor with footfall and accessibility. The property is suitable for retail, office space, mixed-use conversion, or an owner-user. It is located close to public transportation, businesses, and residential developments.
Key Highlights
- Prime location on high‑traffic Bedford Avenue.
- Large 5,700 SQFT building across three floors.
- Fully detached building offering exposure on all sides.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$273,341
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,466,820
$5.5M
Cap Rate 7%
$3,904,871
$3.9M
Cap Rate 9%
$3,037,122
$3.0M
Market Conditions
NOI Build-Up for 5,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$443.2K $77.76/SF
− Vacancy
−$52.7K −$9.25/SF
EGI
$390.5K $68.51/SF
− OpEx
−$117.1K −$20.55/SF
NOI
$273.3K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,466,820
Cap Rate 7%
$3,904,871
Cap Rate 9%
$3,037,122
Alternative Uses
Best Use
Retail
$3.90M
$3.42M – $4.56M
NOI $273,341 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.72M
$4.13M – $5.51M
NOI $330,372 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,422
Businesses Nearby
183k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 26%
Groceries 17%
Apparel 6%
Shell
Shops & Services
29,804 visits/mo
0.1 miles
7-Eleven
Shops & Services
13,294 visits/mo
0.5 miles
Urban Market by Key Food
Groceries
13,185 visits/mo
0.3 miles
McDonald's
Dining
12,482 visits/mo
0.3 miles
Bravo Supermarkets
Groceries
11,307 visits/mo
0.3 miles
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Three-story, fully detached commercial building in Bedford-Stuyvesant for sale.
Where is this storefront property located?
The property is located at 1281 Bedford Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Prime location on high‑traffic Bedford Avenue.; Large 5,700 SQFT building across three floors.; Fully detached building offering exposure on all sides.
