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 June 30, 2027, and is paying $49/SF. The gross annual rent is $163,188 and the NOI is ~$133,939.

The property is located just a short distance away from Prospect Park and benefits from the many restaurants and retail storefronts on Franklin Avenue, such as Agi’s Counter, Amani Market, and Winot. Additionally, the building is in proximity of many cultural destinations including the Brooklyn Museum, the Brooklyn Botanical Gardens, 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.