347 Bedford Ave Brooklyn, NY 11211
- Commercial real estate
- 16,435 SF
Current Use by Public Records
- GoCarNy / Car Rental Agency
- 2ORBIT / Cigar Shop
Property Details for 347 Bedford Ave
- Property size
- 16,435 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9626
- Latitude
- 40.7121
