Closed 12/07/2015

Vacant ~6,400 SF Building in Bed-Stuy

241 Bainbridge Street


Closed 12/07/2015 at

4 Total Units
6,407 Gross SF
4 Stories
Between Malcolm X Boulevard & Patchen Avenue
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Multifamily 241 Bainbridge Street, Bedford-Stuyvesant
Matthew Cosentino
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Block 1682
Lot 67
Lot Size 20 ft x 100 ft
Building Size 20 ft x 80.09 ft
Building Class C2
Zoning R6B
FAR 2.00


TerraCRG has been retained to exclusively represent ownership in the sale of the multifamily building at 241 Bainbridge Street in the Bedford-Stuyvesant neighborhood of Brooklyn. The building is located between Malcolm X Boulevard and Patchen Avenue just two and a half blocks from the A/C Utica Avenue subway station.

The approximately 6,400 SF vacant brick building is currently configured as four, ~1,600 SF floor-through units. The asset presents an opportunity to create six units; two duplexes, 2 four-bedroom floor-through units and 2 two-bedroom units. The property is extremely unique in that it has windows on three sides of the property (including in the basement) and each floor has ~10 ft high ceilings (including the basement).

After renovation the building has projected income of approximately $235,000/year. The property is also priced below $350/SF, which is very attractive pricing for a vacant building in this location.


The property is conveniently located just a few blocks from the A/C Utica Avenue subway station, 20 minutes to Manhattan and 15 minutes to Downtown Brooklyn. The building is also located near many new retail and office locations, including Peaches Restaurant, Saraghina, Georges-Andre Vintage Cafe, L’Antagonist, Khemistry Bar, Therapy Wine Bar, the extraordinarily designed Casablanca Cocktail Lounge and the new executive offices of Brookland Capital.

Saratoga Park
Pratt Institute
Barclays Center

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