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
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.
