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Bed-Stuy/Ocean Hill

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Bed-Stuy/Ocean Hill at a Glance

Bedford-Stuyvesant, also known as “Bed-Stuy,” is a central Brooklyn neighborhood that borders Clinton Hill, Crown Heights, Bushwick, and Williamsburg. The neighborhood is known for its historic brownstones, residential streets, and reputation as the cultural center for African American Brooklynites. Since the early 2000s, Bed-Stuy began to transform due to increased development, bringing together a mix of long-time residents who have lived in the neighborhood for decades, and young professionals moving in from around the world. Despite these changes to demographics, Bed-Stuy is thriving with renovated bars, restaurants, cafes and other retail spaces. The neighborhood is serviced by the G, A, C, J, M, and Z trains, as well as several bus routes. Many celebrities came from Bed-Stuy as well, including Jay Z, The Notorious B.I.G, Mos Def, Jackie Robinson, Chris Rock, and Tracy Morgan.

Highest volume of Brooklyn residentially-zoned development site sales in 2015.

Tied for highest volume of Brooklyn mixed-use sales in 2015.

Number of liquor licenses issued in Bed-Stuy jumped 25% in 2015.

Residential Market: 2018

Avg Residential Rent

$2,165

Avg Price for Condo Sellouts

$711,000

Approx No. of Residential Units in the Development Pipeline

1093

Investment Sales: 2018

Total Dollar Volume of Investment Sales

$240,477,806

Avg Multifamily Sale PPSF

$432

Avg Retail/Mixed-Use Sale PPSF

$423

Avg Development Site Sale PPBSF

$205

Additional Demographics: 2015

Avg Household Income

$48,720

Total Population

332,555

Employment Growth (2009-2017)

+78% (8,100)

Transportation

Subways

a
c
g
j
m
z

Buses

B7 B10 B15 B46 B47 B49

Other Transportation

Long Island Rail Road

Neighborhood Vibes

A major business improvement district has been under way along the Fulton Avenue and Nostrand Avenue corridors with redesigned streetscapes that include new street trees, street furniture, pavers, signage and improved cleanliness in an effort to attract greater business investment.

Restoration Plaza

A 300,000 SF commercial, cultural and educational facility, Restoration Plaza is anchored with national and regional retail chains and also serves as an event destination in Bed-Stuy playing host to weddings, concerts and community events year round.

Stuyvesant Heights Historic District

With 577 individual buildings built between 1870 and 1900, The Stuyvesant Heights Historic District encompasses 17 block of architecturally significant homes, row houses, churches and institutional structures.

Neighborhood Attractions

L'Antagoniste
Saraghina
Bedford Hall
NoBar
Tip Top
Lone Wolf

Matthew Cosentino

Partner
All
Multifamily

Dan Marks

Partner
All
All Asset Types
Development
Industrial/Office

Daniel Lebor

Partner, Special Assets
All Asset Types
Loan Sales
Opportunity Zones
Special Assets

Bed-Stuy/Ocean Hill Transactions

Sold
Loan/Note Sale
Sold

190 Rockaway Avenue

Bed-Stuy/Ocean Hill

Bed-Stuy Loan Sale Note Sale ocean hill
Sold
Multifamily
Sold

238 Gates Avenue

Bed-Stuy/Ocean Hill

PPSF: $511/SF
$2,135,000

Bed-Stuy Clinton Hill Multifamily
Commercial real estate in Brooklyn, 822 Broadway, TerraCRG, mixed-use building
Sold
Mixed-Use
Sold

822 Broadway

Bed-Stuy/Ocean Hill

4000 SF
259 Kosciuszko Street, multifamily building, TerraCRG, commercial real estate in Brooklyn
Sold
Multifamily
Sold

259 Kosciuszko Street

Bed-Stuy/Ocean Hill

$2,000,000

Multifamily
Sold
Mixed-Use
Sold

482 Tompkins Avenue

Bed-Stuy/Ocean Hill

$3,072,500

Bed-Stuy Mixed-Use
Sold
Retail/Mixed-Use
Sold

4 Macon Street

Bed-Stuy/Ocean Hill

$8,300,000

25 units 29300 SF Bed-Stuy Mixed-Use
Sold
Multifamily
Sold

186 & 194 Herkimer Street

Bed-Stuy/Ocean Hill

PPSF: $670/Net SF
$12,800,000

26561 SF Bed-Stuy
Sold
Multifamily
Sold

320 Tompkins Avenue

Bed-Stuy/Ocean Hill

$1,125,000

2794 SF Bed-Stuy
Sold
Retail/Mixed-Use
Sold

302 Malcolm X Boulevard

Bed-Stuy/Ocean Hill

2640 SF Bedford-Stuyvesant Sold Stuyvesant Heights
Leased
Retail
Leased

1192 Bedford Avenue

Bed-Stuy/Ocean Hill

1290 SF 7' Frontage Bed-Stuy Leased
Sold
Multifamily
Sold

1876 A Fulton Street

Bed-Stuy/Ocean Hill

$750,000

Mixed-Use
Sold
Multifamily
Sold

241 Bainbridge Street

Bed-Stuy/Ocean Hill

$1,650,000

6407 SF Bedford-Stuyvesant Vacant
See All Listings >

Related Neighborhoods

Bushwick
East New York/Brownsville

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

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718.768.6888
info@terracrg.com

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