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Property profile & analytics
OFF-MARKET Estimated value $11,780,000
Retail residential properties

1259 Bedford Ave Brooklyn, NY 11216-1813

43,636 SF 0.16 ac lot Built 2020
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US63-2432832
Property summary
AI-generated overview

This exceptional retail property, located at 1259 Bedford Avenue in the vibrant Brooklyn neighborhood of New York, NY 11216, offers a unique opportunity for multiple tenants. The entire 7,550 square foot building is currently vacant and available for lease. The space is highly adaptable, with a minimum divisible unit size of 2,400 square feet and a maximum contiguous space of 5,150 square feet, providing flexibility for various retail concepts. This allows for either a single large tenant to occupy the entire space or multiple smaller tenants to occupy portions of the building. The property is situated in Kings County, offering excellent visibility and accessibility within a bustling commercial area. Its strategic location provides high foot traffic and exposure to a diverse customer base. The property's size and layout make it ideal for a variety of retail uses, from boutiques and restaurants to specialty stores and service providers. This is a rare opportunity to secure a significant retail presence in a thriving Brooklyn neighborhood. The address is 1259 Bedford Avenue, Brooklyn, NY 11216. Interested parties should inquire about lease terms and availability.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 2020
Total area 43,636 SF
Lot 0.16 ac (7,160 SF)
Zoning code C45D
APN 01860-0002
UPID US63-2432832
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cityblock Health - Bed-Stuy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.78M
Owner & transaction history
Bedford Development USA LLC · 8 yrs held
Bedford Development USA LLC
since 2018
2 recorded transactions
2018
$4.6M
1969
Price N/A
Zoning & alternative use
C45D · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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