Detached Mixed-Use
1281 Bedford Avenue, Brooklyn, NY 11216
For Sale
New
$3,000,000
Three levels provide commercial space along Bedford Avenue in Brooklyn.
Property Size5,700 SF
Lot Size0.05 Acres
Price / SF$526.32
Days on Market5
Property Features for 1281 Bedford Avenue
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Public Transit
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Stories
Units
Building Size
Listing Agency:
Bedford Stuyvesant
Listed By:
Amanda Cueva · License NY #10401393174
(718) 304-7565
Source:
Corcoran
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:52AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1281 Bedford Avenue, this fully detached, three-story commercial property contains 5,700 square feet. The lot measures 20 feet by 107 feet. The building is identified as a mixed-use property, with retail, office, and mixed-use conversion described as possible applications.
The property is on Bedford Avenue in Brooklyn, near public transportation, businesses, and residential development.
The property is on Bedford Avenue in Brooklyn, near public transportation, businesses, and residential development.
Key Highlights
- 5,700 square feet across three floors
- Fully detached building
- Lot measures 20' x 107'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,910
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,138,200
$4.1M
Cap Rate 7%
$2,955,857
$3.0M
Cap Rate 9%
$2,299,000
$2.3M
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$376.2K $66.00/SF
− Vacancy
−$45.1K −$7.92/SF
EGI
$331.1K $58.08/SF
− OpEx
−$124.1K −$21.78/SF
NOI
$206.9K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,138,200
Cap Rate 7%
$2,955,857
Cap Rate 9%
$2,299,000
Alternative Uses
Best Use
Mixed Use
$2.96M
$2.59M – $3.45M
NOI $206,910 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.72M
$4.13M – $5.51M
NOI $330,372 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,299
Businesses Nearby
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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
$1,398,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three levels provide commercial space along Bedford Avenue in Brooklyn.
Where is this mixed-use property located?
The property is located at 1281 Bedford Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 5,700 square feet across three floors; Fully detached building; Lot measures 20' x 107'
