171 BEDFORD AVE BROOKLYN NY 11211-2934
THREE STORY MIXED-USE BUILDING FOR SALE
Marketing description
A 25’ wide 2-unit three-story mixed-use building. The property has a store on the ground floor. This floor has access to the basement and back yard. The basement is built full. The second floor is a four-bedroom, two bathroom floor-through apartment. The third floor is also four-bedroom, two bathroom floor-through apartment. The units have a full kitchen and bathroom along with a living/dining area. The property is individually metered for electric and gas.
Investment highlights
The building is a prime commercial development opportunity. The zoning allows for the basement, first and second floors to be converted into commercial space. The space can be built full. This is 7,500 square feet of commercial space, which can be rented to a bank or a fast food restaurant Burger King/McDonalds. The floors can also be rented separately, retail on the ground floor and office on the second floor.
The property is a great investment opportunity, the units have their own boilers and they can also have their own water heaters. There is one water heater for the building. The apartment are free market and can demand top rents for them.
The building makes a great user opportunity, they can have their business on the first floor, live on the second floor and rent out the third floor for income. Zoning allows for the second floor to be converted into commercial space. The 875 square feet of air rights can be added to the third floor unit to create a duplex apartment.
Williamsburg is under a lot of development with new buildings and retail stores being developed. There is easy access to the city via the L train on N 7TH Street & Driggs Avenue. Note: Floor plans are available for review.
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