902-908 BEDFORD AVENUE

For Sale - Brooklyn - Bedford-Stuyvesant / Bed Stuy

$23,750,000

Net Operating Income: $1,482,373

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Key Details

Property Type
MultiFamily
Neighborhood
Bedford-Stuyvesant / Bed Stuy
Property Dimensions
100.0 x 64.0
Property Area
56,990 sq.ft.
Total Units:
44
Stories:
9
NOI
$1,482,373
Price
$23,750,000
Price Per Unit
$539,772
Cap Rate
6.2%

Listing Description

Marcus & Millichap is pleased to present 902, 904, & 908 Bedford Avenue.
- 44 Unit Elevator Building
- 6.24% Cap Rate
- $417 per foot (Condos sell in the $900-1000 range)
- $19 million in assumable debt
- Half mile to Pratt Institute
- 11 years remaining on 421a

Property Details

Block/Lot:
1914/35 / 135 / 36
Lot Dimensions
100.0 x 100.0
Lot Area
10,000 sq.ft
Zoning:
R7A
FAR as Built:
6.5
Max FAR:
4.0
Shaun RineyNew York Multifamily
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