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- LoopNet Team
1153 Bedford Ave
Brooklyn, NY 11216
1153 Bedford Ave · Land For Sale
·
0.05 AC
INVESTMENT HIGHLIGHTS
- Stalled residential conversion in the Bedford-Stuyvesant neighborhood of Brooklyn.
- Approved Plans consist of Six 1BR, One 2BR, and One Studio.
- Additional $1,500,000 to complete. 5,403 Net residential sellable square feet.
- Property has approved plans for eight condos.
- Approximately 25% ($635,000) of the job has been completed including demo, excavation, structural joists, and more.
- Projected sellout at $1,068 per sqft. Total sellout $5,775,000.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.05 AC |
| Property Subtype | Residential | ||
| Zoning | R6A, C2-4 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.05 AC |
| Zoning | R6A, C2-4 |
DESCRIPTION
Asset CRG Advisors, LLC has been exclusively retained to market 1153 Bedford Avenue, a mid-construction residential conversion in the Bedford-Stuyvesant neighborhood of Brooklyn. The property is situated on a 2,000-square-foot lot and is comprised of 5,794 built square feet. The property has approved plans for eight condos. The property is located between Madison Street & Putnam Avenue. The property is well positioned with great access to public transportation, located near Franklin Avenue [A,C,S] train station. The property is also located near multiple [B26], [B44] bus stations. Ownership has set the asking price at $1,999,999.
