Three-Story Mixed-Use
For Sale
$7,500,000
171 Bedford Avenue, Brooklyn, NY 11211
Mixed-use building with ground-floor retail and two full-floor four-bedroom apartments above.
Property Size6,044 SF
Lot Size0.06 Acres
Price / SF$1,240
Days on Market54
Property Features for 171 Bedford Avenue
General Information
Standard status
Active
Size
6,044 SF
Lot size
0.06 Acres
Property subtype
Mixed Use
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$21,540
Building Details
Building Size
6,044 SF
Year Built
1910
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Nathan M Horne · License #10301210236
(706) 255-5657
Source:
Carytamura
Added: Sep 9
Changed: Oct 31
Last Checked: Nov 1 at 11:33AM
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 combines ground-floor commercial space with two large residential apartments arranged above. Each apartment contains four bedrooms and occupies a full floor, while the building also includes a cellar and rear yard. The residential units are occupied on a month-to-month basis, and the retail space is leased to an optical tenant under an agreement extending through July 2029 with 3% annual increases.
The property occupies a 25' x 100' lot at 171 Bedford Avenue in Brooklyn, NY 11211. It is positioned along Bedford Avenue in Williamsburg and carries protected Tax Class 1 status. The unused cellar and rear yard provide additional existing areas within the property, while the lot dimensions support longer-term development flexibility.
The property occupies a 25' x 100' lot at 171 Bedford Avenue in Brooklyn, NY 11211. It is positioned along Bedford Avenue in Williamsburg and carries protected Tax Class 1 status. The unused cellar and rear yard provide additional existing areas within the property, while the lot dimensions support longer-term development flexibility.
Key Highlights
- 6,044 SF mixed‑use property with retail and residential components
- Two full‑floor four‑bedroom residential units
- Ground‑floor optical retail leased through July 2029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$289,838
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,796,760
$5.8M
Cap Rate 7%
$4,140,543
$4.1M
Cap Rate 9%
$3,220,422
$3.2M
Market Conditions
NOI Build-Up for 6,044 SF
Gross rent
$470.0K $77.76/SF
− Vacancy
−$55.9K −$9.25/SF
EGI
$414.1K $68.51/SF
− OpEx
−$124.2K −$20.55/SF
NOI
$289.8K $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 Rate 5%
$5,796,760
Cap Rate 7%
$4,140,543
Cap Rate 9%
$3,220,422
Alternative Uses
Best Use
Retail
$4.14M
$3.62M – $4.83M
NOI $289,838 @ 7.0% cap · market cap 3.86%
Second Best
Mixed Use
$3.13M
$2.74M – $3.66M
NOI $219,397 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$5.00M
$4.38M – $5.84M
NOI $350,310 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,791
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with ground-floor retail and two full-floor four-bedroom apartments above.
Where is this mixed-use property located?
The property is located at 171 Bedford Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 6,044 SF mixed‑use property with retail and residential components; Two full‑floor four‑bedroom residential units; Ground‑floor optical retail leased through July 2029
