Three-Unit Mixed-Use Building

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.