Prime Corner Free Market Building
1038 Bedford Avenue
Bedford-Stuyvesant
Closed 09/05/2013 at
$2,275,000
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718-395-1877
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of the mixed-use building at 1038 Bedford Avenue.
TerraCRG is pleased to announce our new exclusive listing at 1038 Bedford Avenue. The property is located on a prime retail and residential corner at Bedford Avenue and Lafayette Avenue, next to the Bedford-Nostrand Avenue G subway station which is just a few clocks from Pratt Institute and right in the heard of the Bedford-Stuyvesant revitalization.
The approx. 5,500 SF building consists of four free market residential apartments and one 1,600 SF retail space. The residential units consist of one three-bedroom unit, two two-bedroom units and one one-bedroom unit that have all been fully renovated. The retail space is currently occupied by a party supply store and has the potential to be delivered vacant upon a building sale as per the lease. The current gross rent roll for the building is over $150,000/year.
Attractions
The property is is in an ideal location with convenient subway access, proximity to Pratt Institute, as well as many new and exciting retailers nearby.