Closed 10/10/2023

Historic Preservation in Bed-Stuy

180 Bainbridge Street


Closed 10/10/2023 at
$22,437,500 | $560 per SF

Cross Street Malcolm X Blvd & Stuyvesant Ave
Lot SF 18,342
Gross Above Grade SF 40,084
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Multifamily 180 Bainbridge Street, Bed-Stuy
Matthew Cosentino
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Stories 4
Total Units 46
Parking Spaces 23


TerraCRG has been retained to exclusively represent own- ership in the sale of 180 Bainbridge Street, a gut-renovated and beautifully restored one-of-a-kind multifamily property in the heart of the historic Stuyvesant Heights Historic District.

The former school features 46 residential units and 23 parking spaces and is over 50,000 gross square feet. The existing gross annual income is $1.91M. Currently the average rent/SF is $70/ SF. This property offers the unique opportunity to own a strong revenue generating property that also has significant upside.

Nestled in the Bedford-Stuyvesant/Stuyvesant Heights Historic District, the area features hundreds of histor- ic row houses, small multifamily buildings, and churches built mostly in the late 19th century. The greater Bed Stuy area boasts a thriving restaurant, bar, and retail scene.

The A and C subway lines at Utica Avenue are two blocks away, and the LIRR at Nostrand Avenue is about a mile away.


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