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Off Market
1/4

2007 Bedford Ave
Brooklyn, NY 11226


HIGHLIGHTS

  • Corner Property with 12 windows per floor - sunlight everywhere
  • Cash-flowing asset "Turn Key Rent Stabilized Building"
  • Motivated Seller & Long Term Ownership
  • Attractive mortgage in place

OVERVIEW

Corner, 8- unit property for sale in rapidly gentrifying area. The building is cash-flowing. It produces close to $150,000 in Gross Income. The property was gut-renovated several years ago when the owner bought it with 7/8 vacancies. Due to the high rents, only 3 tenants have been there for more than 6 years. At 7,000 Square Feet, it is a large 8 family that contains the potential to turn existing 2 bedrooms into 3 bedrooms, or to chop and divide one unit into two as a means of achieving market rent. In today's market 2007 Bedford Avenue provides a reliable asset that lenders will lend to, while also opening the door for the purchaser to see upside via the reconfiguration of apartments due to natural turn-over. Positioned across a row of townhouses, 2 blocks from Prospect Park, Several Train lines, and 2 major Brooklyn Hospitals, 2007 Bedford Avenue is poised to benefit from the increased demand for housing in this area.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

7128

STORIES

4

YEAR BUILT

1931

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

05056-0010