167-169 BEDFORD AVENUE Brooklyn, NY 11211 - Agorafy
167-169 BEDFORD AVENUE Brooklyn, NY 11211 FOR SALE
Two Mixed-Use Buildings in Williamsburg 120’ Feet of Frontage | One Block to L Train Station
PROPERTY PHOTO
BUILDING FEATURES
PROPERTY DESCRIPTION Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of two mixed-use buildings on Bedford Avenue in Williamsburg, Brooklyn. 167 and 169 Bedford Avenue are two adjacent four-story brick buildings located on the southeast corner of Bedford Avenue and N 8th Street. The corner provides retailers with 120’ feet of combined frontage where retail rents are asking north of $400 / S.F. Each building comprises six apartments above a store, with an additional store behind the 167 Bedford Avenue building. The tenancy includes: five rent stabilized tenants, seven vacant apartments and three commercial tenants with the longest commercial lease running until March 2018. The property is conveniently located on the same block as the Bedford Avenue L train station, which is the most trafficked single train station in Brooklyn.
BLOCK / LOTS
2320 / 8 & 9
COMBINED LOT DIMENSIONS
50’ x 70’
COMBINED LOT S.F.
3,500 (approx.)
COMBINED BUILDING DIMENSIONS
50’ x 50’ with extension
COMBINED BUILDING S.F.
10,500 (approx.)
ZONING
R6B / C1-4
STORIES
4
TOTAL RESIDENTIAL UNITS
12
TOTAL COMMERCIAL UNITS
3
COMBINED ASSESSMENT (15/16)
$170,408
COMBINED TAXES (15/16)
$21,954
TAX CLASS
Protected Class 2B
AREA MAP Nassau Avenue G Train Station G
Williamsburg N
6th
Street/North Williamsburg East River Ferry
167-169 Bedford Avenue
ASKING PRICE
Bedford Avenue L Train Station L
$30,000,000 FOR MORE INFORMATION, PLEASE CONTACT: Brendan T. Maddigan Director (718) 307 6507
[email protected]
Mark L. Lively Associate Director (718) 307 6524
[email protected]
Ethan S. Stanton Senior Associate (718) 307 6553
[email protected]
Taylor A. Wos Associate (718) 307 6506
[email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brookyn, NY 11201 [email protected] nyinvestmentsales.com Michael L. Gigante Associate (718) 307 6555
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
Two Mixed-Use Buildings in Williamsburg 120’ Feet of Frontage | One Block to L Train Station
PROPERTY PHOTO
BUILDING FEATURES
PROPERTY DESCRIPTION Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of two mixed-use buildings on Bedford Avenue in Williamsburg, Brooklyn. 167 and 169 Bedford Avenue are two adjacent four-story brick buildings located on the southeast corner of Bedford Avenue and N 8th Street. The corner provides retailers with 120’ feet of combined frontage where retail rents are asking north of $400 / S.F. Each building comprises six apartments above a store, with an additional store behind the 167 Bedford Avenue building. The tenancy includes: five rent stabilized tenants, seven vacant apartments and three commercial tenants with the longest commercial lease running until March 2018. The property is conveniently located on the same block as the Bedford Avenue L train station, which is the most trafficked single train station in Brooklyn.
BLOCK / LOTS
2320 / 8 & 9
COMBINED LOT DIMENSIONS
50’ x 70’
COMBINED LOT S.F.
3,500 (approx.)
COMBINED BUILDING DIMENSIONS
50’ x 50’ with extension
COMBINED BUILDING S.F.
10,500 (approx.)
ZONING
R6B / C1-4
STORIES
4
TOTAL RESIDENTIAL UNITS
12
TOTAL COMMERCIAL UNITS
3
COMBINED ASSESSMENT (15/16)
$170,408
COMBINED TAXES (15/16)
$21,954
TAX CLASS
Protected Class 2B
AREA MAP Nassau Avenue G Train Station G
Williamsburg N
6th
Street/North Williamsburg East River Ferry
167-169 Bedford Avenue
ASKING PRICE
Bedford Avenue L Train Station L
$30,000,000 FOR MORE INFORMATION, PLEASE CONTACT: Brendan T. Maddigan Director (718) 307 6507
[email protected]
Mark L. Lively Associate Director (718) 307 6524
[email protected]
Ethan S. Stanton Senior Associate (718) 307 6553
[email protected]
Taylor A. Wos Associate (718) 307 6506
[email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brookyn, NY 11201 [email protected] nyinvestmentsales.com Michael L. Gigante Associate (718) 307 6555
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
