Log In/Sign Up
Your email has been sent.
24-Unit New Construction Multifamily Building 1044 Bedford Ave 24 Unit Apartment Building For Sale Brooklyn, NY 11205
Investment Highlights
- New Construction Building, Completed 2020
- High-End Finishes: Stainless Appliances, Central Air, Video Intercoms, Washer/Dryers
- Units with Private Outdoor Spaces
- Tax Abatement Through 2056
- Building Amenities: Fitness Center, Package Room, Bike Storage, Storage Units
- Steps from the Bedford-Nostrand G Train Station
Executive Summary
TerraCRG is pleased to exclusively represent ownership in the sale of 1044 Bedford Avenue, a 24-unit, newly constructed multifamily property located in Bedford-Stuyvesant, Brooklyn. The seven-story, approximately 20,000-square-foot elevator building benefits from a 421-a tax abatement through 2056, providing significantly reduced real estate taxes and enhancing long-term cash flow.
Each residence features high-end finishes, including stainless steel appliances, dishwashers, central air, video intercoms, and in-unit washer/dryers, with most units offering private outdoor space. The building features resident amenities, including a 24-hour fitness center, package room, bike storage, additional storage, private terraces, and landscaped rear yards. The property is fully occupied, with approximately 70% of the residential units designated as free-market, offering stable in-place income with future upside potential.
Ideally positioned on a prime corner bordering Clinton Hill, just steps from the Bedford–Nostrand Avenues G train station, 1044 Bedford Avenue provides convenient access to Williamsburg, Downtown Brooklyn, and Manhattan, while being surrounded by the neighborhood's vibrant retail, dining, and cultural amenities.
Each residence features high-end finishes, including stainless steel appliances, dishwashers, central air, video intercoms, and in-unit washer/dryers, with most units offering private outdoor space. The building features resident amenities, including a 24-hour fitness center, package room, bike storage, additional storage, private terraces, and landscaped rear yards. The property is fully occupied, with approximately 70% of the residential units designated as free-market, offering stable in-place income with future upside potential.
Ideally positioned on a prime corner bordering Clinton Hill, just steps from the Bedford–Nostrand Avenues G train station, 1044 Bedford Avenue provides convenient access to Williamsburg, Downtown Brooklyn, and Manhattan, while being surrounded by the neighborhood's vibrant retail, dining, and cultural amenities.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 24 | Building Size | 18,690 SF |
| Property Type | Multifamily | No. Stories | 7 |
| Property Subtype | Apartment | Year Built | 2020 |
| Apartment Style | Mid-Rise | ||
| Zoning | R7A, C2-4 | ||
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Building Size | 18,690 SF |
| No. Stories | 7 |
| Year Built | 2020 |
| Zoning | R7A, C2-4 |
Amenities
Unit Amenities
- Washer/Dryer
- Stainless Steel Appliances
- Intercom
- Patio
Site Amenities
- Fitness Center
- Property Manager on Site
- Package Service
- Storage Space
- Bicycle Storage
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01950-0033 | Improvements Assessment | $1,659,150 |
| Land Assessment | $115,200 | Total Assessment | $1,774,350 |
Property Taxes
Parcel Number
01950-0033
Land Assessment
$115,200
Improvements Assessment
$1,659,150
Total Assessment
$1,774,350
Contacts
-
Matthew Cosentino -
Daniel Marks -
Aden Verdun -
Thomas Cutting -
Maria D'Angelo -
TerraCRG Brooklyn Commercial Real Estate
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
24-Unit New Construction Multifamily Building | 1044 Bedford Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.