TerraCRG has been retained to exclusively represent ownership in the sale of the residentially zoned industrial property at 2564 Bedford Avenue in Flatbush, Brooklyn.
Located between Clarendon Road and Avenue D, the ~14,717 SF property has an R6A/R5B split zoning, allowing for the development of a ~40,544 SF residential building. The property is currently improved by a ~15,917 SF industrial building with 60 feet of frontage on Bedford Avenue and over 80 feet of frontage on East 23rd Street. The building can be delivered vacant.
The building features open, clear span layouts with ceiling heights ranging from 13 to 17 feet and is fully sprinklered. Other features include: retail storefront on Bedford Avenue, second floor office space, one drive-in on Bedford Avenue and two drive-in doors on East 23rd Street.
The property offers an opportunity for owner-users, investors and developers to acquire a turn-key industrial property, with the opportunity for sizable residential development.
2564 Bedford Avenue, situated around the corner from Flatbush Avenue, is at the center of a vibrant community that has seen a surge of new development. From Prospect Park and the newly renovated Kings Theatre to the north and Brooklyn College and the Target-anchored Triangle Junction shopping center to the south, Flatbush has become one of the most sought-after neighborhoods in Brooklyn today. The neighborhood, which is served by two major subway lines and multiple buses, features a dense population with future growth opportunities, resulting in a strong demand for commercial property.
The property is just a short distance from the 2 and 5 trains at the Newkirk Avenue Station, and the Q train at the Cortelyou Road Station. The property is also easily accessible via the B60 bus at Rockaway Avenue.
