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616 Bedford Ave
Brooklyn, NY 11249
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Legal use library, storage, and study room
- Basement
EXECUTIVE SUMMARY
For potential buyers, this property offers a stable investment opportunity with existing long-term tenants and the potential for future development or repurposing, subject to zoning regulations. Prime location in Williamsburg, a high-demand area known for its bustling commercial and residential activity. Possibility of mixed-use development or upgraded space. Close to multiple subway lines, bus routes, and major thoroughfares for easy access.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
29,914 SF
Building Class
C
Year Built
2004
Percent Leased
100%
Building Height
6 Stories
Building FAR
8.58
Lot Size
0.08 AC
Zoning
R6 - A medium-density residential district for multi-family housing, allowing diverse building types from traditional apartment buildings to large "tower-in-the-park" complexes, with options for height factor
PROPERTY TAXES
| Parcel Number | 02204-1101 | Improvements Assessment | $786,586 |
| Land Assessment | $10,364 | Total Assessment | $796,950 |
PROPERTY TAXES
Parcel Number
02204-1101
Land Assessment
$10,364
Improvements Assessment
$786,586
Total Assessment
$796,950
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