1063-1065 Bedford Avenue

$5,995,000

1063-1065 Bedford Avenue, Brooklyn, NY 11216

For Sale

Multifamily Mid High Rise

Active

Last Updated: 05/02/2025

Cap Rate: 6.25%

NOI: $374,346

Building Size: 11,280 sqft

Units: 16

Price Per Sqft: $531

RENOVATED & TURNKEY: 14 of 16 units have been fully renovated and meticulously maintained – extensive sub-rehab paperwork can be found in data room linked below
EFFICIENCY, DENSITY & SCALE: 88% of the building has separate utilities, new appliances, and efficient unit layouts, translating to minimal maintenance
FM PORTION FULLY OCCUPIED: Free Market 2BR/1BTH apartments are fully occupied, with rents averaging $60/SF or $3,200/mo
RS UNITS AT MARKET OR VACANT: Of the four rent stabilized units, two are leased at market rents (averaging $2,900/mo.) and remaining two will be delivered vacant
AVAILABLE / UNUSED AIR RIGHTS: The property benefits from 4,720 BSF (ZFA) of unused air rights, available for expansion or disposition
STRONG RETAIL FRONTAGE: Located on one of Brooklyn’s most sought-after retail corridors, with nearby retail rents averaging $75-100 / SF
WELL-LOCATED: Within blocks of several cafes and restaurants on Bedford, Franklin, & Nostrand Avenues
TRANSPORTATION ACCESSIBILITY: 3 blocks from the G train at Bedford/Nostrand Avenues and proximity to the A/C trains at Nostrand Ave

	Title
	Offering Memorandum

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