347 Bedford Ave, Brooklyn, NY 11211

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.