Three-Unit Mixed-Use Building
1375 Bedford Avenue
Crown Heights
Closed 04/17/2019 at
$1,925,000 | $511/SF per SF
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of 1375 Bedford Avenue – a three-unit, mixed-use building in the Crown Heights neighborhood of Brooklyn. The building occupies a prime Crown Heights corner on Bergen Street at the intersection of Rogers Avenue and Nostrand Avenue.
The property is anchored by Benjamin Moore paint store with two residential units above. Benjamin Moore has a lease through 2023 and is paying just $31/SF. The gross annual rent is $139,956 and NOI is ~$114,720. The asking price is $2,500,000.
Attractions
The property is located just a short distance away from the Brooklyn Botanical Gardens and Prospect Park and other cultural destinations including the Brooklyn Museum, Grand Army Plaza, and the Brooklyn Public Library. The property is a few blocks from the A and C trains at Nostrand Avenue, the S train at Park Place, and the 2, 3, 4, 5 trains at Nostrand Avenue.