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Three-Story Mixed-Use Property

171 Bedford Ave, Brooklyn, NY 11211

For Lease
$7,500,000

Ground-floor retail space combines with two full-floor four-bedroom apartments in a Williamsburg corridor setting.

Space SizeContact for details
Property Size6,044 SF
Lot Size0.06 Acres
Days on Market61

Property Features for 171 Bedford Ave

General Information

Standard status Active
Size 6,044 SF
Lot size 0.06 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $21,540

Building Details

Year Built 1910
Stories 3
Units 2
Building Size 6,044 SF
Listing Agency: Compass
Listed By: Nathan M Horne · License #10301210236
Source: Edifyny
Added: Sep 10 Changed: Nov 7 Last Checked: Nov 8 at 5:29AM

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 Compass

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Investment Insights

Based on property information with market context.

Built in 1910, this 6,044 SF mixed-use property spans three stories plus a cellar on a 25' × 100' lot. The configuration includes ground-floor commercial space and two large, full-floor four-bedroom residential apartments. Both apartments are occupied on a month-to-month basis, while the unused cellar and rear yard provide additional existing areas within the property. The building carries protected Tax Class 1 status.

The property is located at 171 Bedford Avenue in Williamsburg, Brooklyn, along an established retail corridor. The commercial space is occupied by an optical tenant under a lease extending through July 2029, with 3% annual increases. Its combination of retail frontage, residential occupancy, cellar space, rear yard, and a deep lot creates a varied mixed-use configuration with longer-term flexibility.

Key Highlights

  • 6,044 SF mixed‑use property built in 1910
  • Three‑story building with a cellar and rear yard
  • Two full‑floor four‑bedroom residential apartments

Property Analytics

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Open Analytics

Current Use

Luxeye Optical Physician Dr. Ellen Ettinger Physician Jm Optics Physician

Suggested Use

Top Pick Law Firm Auto Parts Store Nursing Home (Bike/Boat/Book/etc) Store Adult Day Care Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

8,791
Businesses Nearby
87k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 55% Groceries 15% Hotels & Casinos 12% Electronics 7%
Dunkin' Donuts Dining
18,501 visits/mo 0.4 miles
C-Town Supermarkets Groceries
13,145 visits/mo 0.3 miles
Starbucks Dining
12,417 visits/mo 0.4 miles
Hotel Indigo Williamsburg Hotels & Casinos
10,187 visits/mo 0.3 miles
T-Mobile Electronics
5,770 visits/mo 0.2 miles

Demographics for 11211, NY

68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Brooklyn, NY

$36.29 /SF/Yr
Avg Asking Price
$21.82–$48 /SF/Yr
Price Range
2,896 SF
Avg Space Size

Average Price Trend$/SF/Yr for Mixed-use properties in Brooklyn, NY

$31.31 Jul
$35.35 Aug
$36.48 Sep
$36.29 Oct

Properties on Market for Mixed-use properties in Brooklyn

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail space combines with two full-floor four-bedroom apartments in a Williamsburg corridor setting.
Where is this mixed-use property located?
The property is located at 171 Bedford Ave Brooklyn, NY.
What is the lease rate?
The lease rate is $7,500,000.
What are key features of this property?
This property features: 6,044 SF mixed‑use property built in 1910; Three‑story building with a cellar and rear yard; Two full‑floor four‑bedroom residential apartments
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