Current Use by Public Records
- 1550 Bedford Enterprises / Check Cashing
Property Details for 1550 Bedford Ave
- Property type
- Land
Description
This exceptional 19,200 square foot vacant lot in Brooklyn's Crown Heights presents a unique development opportunity. Located at 1550 Bedford Avenue, the property boasts 192 feet of frontage on Bedford Avenue and 100 feet on Eastern Parkway, ensuring high visibility. Zoned C8-2, it allows for diverse commercial uses. A significant advantage is the existing approved hotel development plan, grandfathered in, eliminating the challenges of obtaining new special permits. The site has already been fully excavated and features a completed foundation, substantially reducing construction costs. This prime location benefits from a booming tourism sector and limited competition, offering substantial cost savings and regulatory tailwinds. The property's strategic position in a vibrant neighborhood with increasing demand for hospitality makes it an attractive investment. This streamlined acquisition process offers a clear path to ownership with clean title. The property is ideal for developers seeking a high-impact project in a rapidly growing area of Brooklyn.
Value Estimations
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AI approach
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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
- -73.9559
- Latitude
- 40.6697
