1191 Bedford AveBrooklyn, NY 11216

Property Details for 1191 Bedford Ave

Year built

1910

Lot size

0.05 AC

Property size (Sq ft)

5,938 SF

Zone code

R6A

Property type

Investment properties

Property subtype

Live-work space

APN

01832-0002

APU

18320002

Description

This exceptional 2,700 square foot commercial space, located at 1191 Bedford Avenue in Bedford-Stuyvesant, Kings County, presents a unique opportunity for a variety of businesses. The main retail area, approximately 1,700 square feet, features a stunning design with a combination of exposed brick and sheetrock, large teardrop lighting, exposed ductwork, and central air conditioning. The flooring is a stylish mix of tile and carpet. A fully finished lower level, roughly 1,000 square feet, offers additional usable space with double egress, recessed lighting, and oversized tile flooring. This lower level also features exposed brick and sheetrock. The building boasts a prime location, surrounded by residential areas, shopping, and diverse transportation options. Conveniently located near bus routes and a five-minute walk from the A and C trains at Bedford Avenue and Fulton Street, this space offers excellent accessibility for both customers and employees. Street parking is also available. The storefront is in excellent condition, featuring oversized glass panels that maximize natural light and invite passersby. While there is no existing gas or venting, electric cooking is possible, and venting can be installed at the tenant's expense. This versatile space is ideal for various uses, including professional services, medical offices, a gym, a full-service restaurant, a coffee shop/bakery, or a hair salon with manicure and pedicure services. The monthly rent is $7,000. All dimensions are approximate; professional measurement is recommended. The information provided is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $981,729

  6.5%

  $906,211

  7%

  $841,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $775,859

  Geo Method

  $775,859

• Alternative Use

  Use

  Valuation

  Residential

  $1,123,702

  Hospitality

  $1,029,305

  Educational

  $856,370

  Medical

  $885,821

  Retail

  $1,332,130

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6826

Longitude

-73.9535

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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