TerraCRG is pleased to exclusively represent ownership in the sale of 1044 Bedford Avenue, a 24-unit, newly constructed multifamily property located in Bedford-Stuyvesant, Brooklyn. The seven-story, approximately 20,000-square-foot elevator building benefits from a 421-a tax abatement through 2056, providing significantly reduced real estate taxes and enhancing long-term cash flow.
Each residence features high-end finishes, including stainless steel appliances, dishwashers, central air, video intercoms, and in-unit washer/dryers, with most units offering private outdoor space. The building features resident amenities, including a 24-hour fitness center, package room, bike storage, additional storage, private terraces, and landscaped rear yards. The property is fully occupied, with approximately 70% of the residential units designated as free-market, offering stable in-place income with future upside potential.
Ideally positioned on a prime corner bordering Clinton Hill, just steps from the Bedford–Nostrand Avenues G train station, 1044 Bedford Avenue provides convenient access to Williamsburg, Downtown Brooklyn, and Manhattan, while being surrounded by the neighborhood's vibrant retail, dining, and cultural amenities.