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Off Market
1/13

1281 Bedford Ave
Brooklyn, NY 11216


HIGHLIGHTS

  • Long Term NN Lease - 5% Annual Increase

OVERVIEW

• Netting $180,000 NN annually, with 5% annual increases, presenting strong cash on cash yield, perfect for passive investors or 1031 buyers. • Three-story commercial building w/ full basement located in the heart of Bedford-Stuyvesant on Bedford Avenue between Fulton Street and Atlantic Avenue. • Tenant has a proven track record in Bed-Stuy and will be operating a social event space. Improvements will include full buildout including kitchen and bar. • Short walk to both the Franklin Avenue and Nostrand Avenue subway stations with access to the A, C trains, as well as access to the LIRR Nostrand Avenue station. • Minutes to Barclay’s Center, Atlantic Terminal, Downtown Brooklyn. • Close proximity to several new mixed-use development projects along Fulton Street and Atlantic Avenue.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

5700

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

01865-0008