This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2007 Bedford Ave
Brooklyn, NY 11226
Residential Property For Sale · 8 Units
Investment Highlights
- Corner Property with 12 windows per floor - sunlight everywhere
- Motivated Seller & Long Term Ownership
- Cash-flowing asset "Turn Key Rent Stabilized Building"
- Attractive mortgage in place
Executive Summary
At 7,000 Square Feet, it is a large 8 family that contains the potential to turn existing 2 bedrooms into 3 bedrooms, or to chop and divide one unit into two as a means of achieving market rent. In today's market 2007 Bedford Avenue provides a reliable asset that lenders will lend to, while also opening the door for the purchaser to see upside via the reconfiguration of apartments due to natural turn-over.
Positioned across a row of townhouses, 2 blocks from Prospect Park, Several Train lines, and 2 major Brooklyn Hospitals, 2007 Bedford Avenue is poised to benefit from the increased demand for housing in this area.
PROPERTY FACTS
| Price Per Unit | £194,120 | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 5.97% | Lot Size | 0.05 AC |
| Sale Conditions | 1031 Exchange | Building Size | 7,128 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 4 |
| Property Subtype | Apartment | Year Built | 1931 |
| Price Per Unit | £194,120 |
| Sale Type | Investment |
| Net Initial Yield | 5.97% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 7,128 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built | 1931 |
About 2007 Bedford Ave , Brooklyn, NY 11226
Corner, 8- unit property for sale in rapidly gentrifying area. The building is cash-flowing. It produces close to $150,000 in Gross Income. The property was gut-renovated several years ago when the owner bought it with 7/8 vacancies. Due to the high rents, only 3 tenants have been there for more than 6 years. At 7,000 Square Feet, it is a large 8 family that contains the potential to turn existing 2 bedrooms into 3 bedrooms, or to chop and divide one unit into two as a means of achieving market rent. In today's market 2007 Bedford Avenue provides a reliable asset that lenders will lend to, while also opening the door for the purchaser to see upside via the reconfiguration of apartments due to natural turn-over. Positioned across a row of townhouses, 2 blocks from Prospect Park, Several Train lines, and 2 major Brooklyn Hospitals, 2007 Bedford Avenue is poised to benefit from the increased demand for housing in this area.
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 700 - 850 |
PROPERTY TAXES
| Parcel Number | 05056-0010 | Improvements Assessment | £536,324 |
| Land Assessment | £6,853 | Total Assessment | £543,177 |
PROPERTY TAXES
zoning
| Zoning Code | R6 Brooklyn (High Density Residential) |
| R6 Brooklyn (High Density Residential) |
