Closed 09/05/2013

Prime Corner Free Market Building

1038 Bedford Avenue

Bedford-Stuyvesant

Closed 09/05/2013 at
$2,275,000

5 Total Units
4 Residential Units
1 Commercial Unit
5,500 Approx. Gross SF
Cross Streets Lafayette Avenue & Kosciusko Street
Subways
g
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Retail/Mixed-Use 1038 Bedford Avenue, Bedford-Stuyvesant
Matthew Cosentino
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Details

Block 1942
Lot 46
Lot Size 20 ft x 80 ft
Building Class S4
Zoning R6B/C2-4

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the mixed-use building at 1038 Bedford Avenue.

TerraCRG is pleased to announce our new exclusive listing at 1038 Bedford Avenue. The property is located on a prime retail and residential corner at Bedford Avenue and Lafayette Avenue, next to the Bedford-Nostrand Avenue G subway station which is just a few clocks from Pratt Institute and right in the heard of the Bedford-Stuyvesant revitalization.

The approx. 5,500 SF building consists of four free market residential apartments and one 1,600 SF retail space. The residential units consist of one three-bedroom unit, two two-bedroom units and one one-bedroom unit that have all been fully renovated. The retail space is currently occupied by a party supply store and has the potential to be delivered vacant upon a building sale as per the lease. The current gross rent roll for the building is over $150,000/year.

Attractions

The property is is in an ideal location with convenient subway access, proximity to Pratt Institute, as well as many new and exciting retailers nearby.

Choice Market
ScratchBreak
Black Swan
Chase Bank
Home Depot

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