Mixed-Use Conversion Opportunity 1217-1221 BEDFORD ... - Agorafy
Mixed-Use Conversion Opportunity 1217-1221 BEDFORD AVENUE 60 Feet of Frontage on Bedford Avenue Bedford Stuyvesant, Brooklyn, NY
The subject property is a 4 story building with 60 feet of frontage on Bedford Avenue and access to Halsey Street via driveway from the rear side. The building will be delivered fully vacant, and is an ideal site for mixed use conversion. Multiple public transportation options are located nearby, with both Franklin Avenue and Nostrand Avenue stops for the A/C train line just two blocks away, offering access to Manhattan within 20 minutes, as well as Franklin Avenue shuttle (S line) with service to Prospect Park and the Botanic Gardens. The property also benefits from close proximity to Fulton Street, one of the area’s strongest retail corridors, drawing national retailers and substantial foot traffic. The subject property presents an enormous opportunity a developer to convert an already vacant, solid building to match neighborhood demand for luxury apartments and retail. PROPERTY INFORMATION
ASKING PRICE: $6,800,000
Location:
Located on the east side of Bedford Ave between Hancock and Halsey Streets
Block/Lot:
1837 / 2
Lot Dimensions:
60' x 90'
Lot Square Footage:
5,867
(Irregular)
Zoning:
R6A / C2-4
(Sq. Ft. Approx.)
Buildable Square Feet:
17,601
Building Dimensions:
60' x 90'
(Sq. Ft. Approx.)
Stories:
4
(Irregular)
Existing Square Feet:
19,680
Additional Air Rights:
2,841
(Sq. Ft. Approx.)
Assessment ('14/'15):
$888,957
(Sq. Ft. Approx.)
Taxes ('14/'15):
$91,767
1217 Bedford Avenue
C
A C
For fu r ther in fo rm atio n o r in sp e c t io n , p le ase c o n tac t E xcl u s i ve A g e nt s : Michael Amirkhanian
Massey Knakal Realty Services Director of Sales [email protected] 718.606.7073
Robert Shapiro
Massey Knakal Realty Services Vice President of Sales [email protected] 212.660.7717
DJ Johnston
Massey Knakal Realty Services Senior Associate [email protected] 718.307.6515
Howard L. Poretsky
Savills Studley Senior Managing Director [email protected] 212.326.1015
Patrick J. Gardner
Savills Studley Senior Managing Director [email protected] 212.326.8633
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 WWW.MASSEYKNAKAL.COM THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER
Mixed-Use Conversion Opportunity 1217-1221 BEDFORD AVENUE 60 Feet of Frontage on Bedford Avenue Bedford Stuyvesant, Brooklyn, NY
A C 1217 Bedford Avenue
ASKING PRICE: $6,800,000 For fu r ther in fo rm atio n o r in sp e c t io n , p le ase c o n tac t E xcl u s i ve A g e nt s : Michael Amirkhanian
Massey Knakal Realty Services Director of Sales [email protected] 718.606.7073
Robert Shapiro
Massey Knakal Realty Services Vice President of Sales [email protected] 212.660.7717
DJ Johnston
Massey Knakal Realty Services Senior Associate [email protected] 718.307.6515
Howard L. Poretsky
Savills Studley Senior Managing Director [email protected] 212.326.1015
Patrick J. Gardner
Savills Studley Senior Managing Director [email protected] 212.326.8633
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 WWW.MASSEYKNAKAL.COM THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER
The subject property is a 4 story building with 60 feet of frontage on Bedford Avenue and access to Halsey Street via driveway from the rear side. The building will be delivered fully vacant, and is an ideal site for mixed use conversion. Multiple public transportation options are located nearby, with both Franklin Avenue and Nostrand Avenue stops for the A/C train line just two blocks away, offering access to Manhattan within 20 minutes, as well as Franklin Avenue shuttle (S line) with service to Prospect Park and the Botanic Gardens. The property also benefits from close proximity to Fulton Street, one of the area’s strongest retail corridors, drawing national retailers and substantial foot traffic. The subject property presents an enormous opportunity a developer to convert an already vacant, solid building to match neighborhood demand for luxury apartments and retail. PROPERTY INFORMATION
ASKING PRICE: $6,800,000
Location:
Located on the east side of Bedford Ave between Hancock and Halsey Streets
Block/Lot:
1837 / 2
Lot Dimensions:
60' x 90'
Lot Square Footage:
5,867
(Irregular)
Zoning:
R6A / C2-4
(Sq. Ft. Approx.)
Buildable Square Feet:
17,601
Building Dimensions:
60' x 90'
(Sq. Ft. Approx.)
Stories:
4
(Irregular)
Existing Square Feet:
19,680
Additional Air Rights:
2,841
(Sq. Ft. Approx.)
Assessment ('14/'15):
$888,957
(Sq. Ft. Approx.)
Taxes ('14/'15):
$91,767
1217 Bedford Avenue
C
A C
For fu r ther in fo rm atio n o r in sp e c t io n , p le ase c o n tac t E xcl u s i ve A g e nt s : Michael Amirkhanian
Massey Knakal Realty Services Director of Sales [email protected] 718.606.7073
Robert Shapiro
Massey Knakal Realty Services Vice President of Sales [email protected] 212.660.7717
DJ Johnston
Massey Knakal Realty Services Senior Associate [email protected] 718.307.6515
Howard L. Poretsky
Savills Studley Senior Managing Director [email protected] 212.326.1015
Patrick J. Gardner
Savills Studley Senior Managing Director [email protected] 212.326.8633
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 WWW.MASSEYKNAKAL.COM THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER
Mixed-Use Conversion Opportunity 1217-1221 BEDFORD AVENUE 60 Feet of Frontage on Bedford Avenue Bedford Stuyvesant, Brooklyn, NY
A C 1217 Bedford Avenue
ASKING PRICE: $6,800,000 For fu r ther in fo rm atio n o r in sp e c t io n , p le ase c o n tac t E xcl u s i ve A g e nt s : Michael Amirkhanian
Massey Knakal Realty Services Director of Sales [email protected] 718.606.7073
Robert Shapiro
Massey Knakal Realty Services Vice President of Sales [email protected] 212.660.7717
DJ Johnston
Massey Knakal Realty Services Senior Associate [email protected] 718.307.6515
Howard L. Poretsky
Savills Studley Senior Managing Director [email protected] 212.326.1015
Patrick J. Gardner
Savills Studley Senior Managing Director [email protected] 212.326.8633
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 WWW.MASSEYKNAKAL.COM THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER
