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2007 Bedford Ave
Brooklyn, NY 11226
Multifamily Property For Sale · 8 Units
Investment Highlights
- Corner Property with 12 windows per floor - sunlight everywhere
- Motivated Seller & Long Term Ownership
- Cash-flowing asset "Turn Key Rent Stabilized Building"
- Attractive mortgage in place
Executive Summary
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.
PROPERTY FACTS
| Price Per Unit | $343,227 CAD | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.97% | Lot Size | 0.05 AC |
| Sale Conditions | 1031 Exchange | Building Size | 7,128 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1931 |
| Price Per Unit | $343,227 CAD |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 7,128 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
About 2007 Bedford Ave , Brooklyn, NY 11226
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.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 700 - 850 |
PROPERTY TAXES
| Parcel Number | 05056-0010 | Improvements Assessment | $963,790 CAD |
| Land Assessment | $12,315 CAD | Total Assessment | $976,105 CAD |
PROPERTY TAXES
zoning
| Zoning Code | R6 Brooklyn (High Density Residential) |
| R6 Brooklyn (High Density Residential) |
