Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    235-247 Bedford Ave Brooklyn, NY 11211

    • Retail properties
    • 51,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 235-247 Bedford Ave

    Property size
    51,000 SF
    Property type
    Retail properties

    Description

    This exceptional retail opportunity is located in the heart of Williamsburg, Brooklyn at 235-247 Bedford Avenue, zip code 11211, Kings County, New York. The property, known as the Williamsburg Collection, offers a total of 51,000 square feet of commercial space, currently divided into two suites. There is a total of 6,123 square feet of vacant space available, with individual suites ranging from a minimum of 2,405 square feet to a maximum contiguous space of 3,718 square feet. This presents a unique chance for businesses seeking flexible space in a highly desirable location. Williamsburg's vibrant atmosphere is renowned for its influence in fashion, music, art, and culinary scenes, attracting a young and fashionable demographic. The area boasts a strong retail presence, including established brands like Apple, Whole Foods, Nike, and Supreme, alongside popular cafes and restaurants. The property's strategic location, being the first stop on the L train, ensures excellent accessibility and high foot traffic. Ongoing developments and waterfront revitalizations, such as the Domino Sugar Refinery project, continue to enhance the neighborhood's appeal to both residents and tourists, promising sustained growth and high visibility for prospective tenants. This is an unparalleled opportunity to establish or expand a business in one of Brooklyn's most dynamic and sought-after neighborhoods.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9595
    Latitude
    40.716

    Comparable in this City

    • Value Estimation by Request
      2,426 SF

      365 Broadway

      Retail properties • 2,426 SF
      365 Broadway, Brooklyn, NY 11211
      View Details
    • Value Estimation by Request
      2,200 SF

      202 Union Ave

      Medical offices • 2,200 SF
      202 Union Ave, Brooklyn, NY 11211
      View Details
    • Value Estimation by Request
      51,000 SF

      235-247 Bedford Ave

      Retail properties • 51,000 SF
      235-247 Bedford Ave, Brooklyn, NY 11211
      View Details
    • Value Estimation by Request
      2,150 SF

      232 12Th St

      Restaurants • 2,150 SF
      232 12Th St, Brooklyn, NY 11211
      View Details
    • Value Estimation by Request
      11,052 SF

      2 Bushwick Ave

      Office Properties & Spaces • 11,052 SF
      2 Bushwick Ave, Brooklyn, NY 11211
      View Details
    • Value Estimation by Request
      3,700 SF

      312 Broadway

      Office Properties & Spaces • 3,700 SF
      312 Broadway, Brooklyn, NY 11211
      View Details

    Similar Nearby for Sale

    • $3,450,000

      Williamsburg Mixed-Use Value-Add Opportunity

      Prime Williamsburg mixed-use building, value-add potential, near subway.
      104 Roebling St, Brooklyn, NY 11211
      View Details
    • Contact for pricing
      77,664 SF

      Ainslie Tower: Williamsburg Gem

      Prime Williamsburg Mixed-Use Building
      467 Keap St, Brooklyn, NY 11211
      View Details
    • $498,000
      9,000 SF

      Turnkey Granite Wholesaler Business Brooklyn

      Established granite wholesaler business with inventory, truck, and forklifts included.
      1006 Metropolitan Ave, Brooklyn, NY 11211
      View Details
    • $4,150,000
      3,885 SF

      Retail Condominium on Metropolitan Avenue

      Fully-leased, 4-unit retail condominium with high-traffic location.
      710 Metropolitan Ave, Brooklyn, NY 11211
      View Details
    • Contact for pricing
      2,150 SF

      Retail Space in Brooklyn Available

      Retail space for sale in Brooklyn, approximately 2,150 square feet.
      753 Metropolitan Ave, Brooklyn, NY 11211
      View Details
    • $965,000

      Williamsburg 1-Bedroom Condo with Amenities

      Boutique condo with parking, high-end appliances, and tax abatement.
      280 Metropolitan Ave, Brooklyn, NY 11211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      750 SF

      Bushwick Ave Retail Space For Lease

      750 SF Retail Space in Brooklyn, NY
      26 Bushwick Ave, Brooklyn, NY 11211
      View Details
    • Contact for pricing
      11,052 SF

      Bushwick Ave Executive Office Space

      Prime Brooklyn Office Suites, 3,000-4,300 SF
      2 Bushwick Ave, Brooklyn, NY 11211
      View Details
    • Contact for pricing
      17,000 SF

      E. Williamsburg Multi-Use Space

      Versatile Brooklyn Flex Space: Retail, Office, Warehouse
      0 New York Ny, New York, NY 11211
      View Details
    • $96 SF/Yr
      1,000 SF

      Williamsburg Retail Space

      1000 sq ft, prime Williamsburg location
      232 Metropolitan Ave Brooklyn, NY 11211, Brooklyn, NY 11211
      View Details
    • $70 SF/Yr
      8,050 SF

      Metropolitan Ave Retail Spaces

      Prime East Williamsburg Retail Opportunity
      828 Metropolitan Ave, Brooklyn, NY 11211
      View Details
    • $80 SF/Yr
      1,500 SF

      Williamsburg Retail Space

      Prime Williamsburg location, 1,000 sq ft.
      210 Roebling St, Brooklyn, NY 11211
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    235-247 Bedford Ave
    Brooklyn, NY 11211
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.