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    347 Bedford Ave Brooklyn, NY 11211

    Sponsored
    For Sale
    $7,250,000

    Prime Williamsburg multifamily building, high income.

    Property size:
    16,435 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use investment opportunity is located at 347 Bedford Avenue in the heart of Williamsburg, Brooklyn, NY 11211. The property boasts a commanding corner location with impressive frontage on Bedford Avenue (over 47 feet) and 4th Street (over 86 feet), totaling 16,435 square feet on a 4,109 square-foot lot. The four-story building comprises three retail spaces and fourteen residential units. The residential units are a mix of 4 rent-stabilized, 2 rent-controlled, and 8 free-market apartments. The building dimensions are 47.5' x 86.5'. This property presents a significant investment opportunity with an actual annual net operating income of $375,392 and a potential net operating income of $639,983. The asking price is $7,250,000, translating to $441.13 per square foot. This is a rare chance to acquire a high-income-producing asset in one of Brooklyn's most desirable neighborhoods. The property's size, location, and diverse income streams make it an attractive proposition for discerning investors seeking strong returns in a thriving market.

    Property Features for 347 Bedford Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    16,435 SF

    Building Details

    Units
    17

    HighLights

    • Exceptional mixed‑use investment opportunity in Williamsburg, Brooklyn.
    • Corner location at 347 Bedford Avenue with 16,435 square feet on a 4,109 square‑foot lot.
    • Four‑story building with three retail spaces and fourteen residential units (4 rent‑stabilized, 2 rent‑controlled, 8 free‑market).
    • $7,250,000 asking price ($441.13/SF).
    • $375,392 actual NOI, $639,983 potential NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    GoCarNy Car Rental Agency 2ORBIT Cigar Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9625887
    Latitude
    40.7120798

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    FAQs

    What type of property is this?
    Multifamily property - Prime Williamsburg multifamily building, high income.
    Where is this multifamily property located?
    The property is located at 347 Bedford Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $7,250,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Williamsburg, Brooklyn.; Corner location at 347 Bedford Avenue with 16,435 square feet on a 4,109 square-foot lot.; Four-story building with three retail spaces and fourteen residential units (4 rent-stabilized, 2 rent-controlled, 8 free-market).
    (646) 373-7944
    Request Owner's contact information
    347 Bedford Ave Brooklyn, NY 11211
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    Brooklyn, NY 11211
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    Realmo Value Estimation

    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.

    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.

    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
    347 Bedford Ave Brooklyn, NY 11211
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