The sale of three adjoining mixed-use properties at 1231, 1233 and 1235 Bedford Avenue. The portfolio is offered only as a single package and contains 12 rent stabilized one-bedroom apartments and four commercial units. All commercial units will be delivered vacant and free of commercial tenancies at closing. INVESTMENT THESIS Vacant commercial delivery creates immediate leasing and repositioning optionality. Four vacant residential apartments and two pending create additional value-add potential, subject to applicable law. Reported development potential materially exceeds the existing building area, subject to independent architectural and legal verification. All-cash and third-party financed acquisitions will be considered with appropriate proof of funds or lender support and customary due diligence.
Details:
Families:
12
Property Type:
Mixed Use
Built:
1899
Financials:
Price:
$7,000,000
Sarrazin Estates LTD Leclercson (andy) Sarrazin Office: (718)462-1247
provided by Brooklyn NY MLS
![[Bedford Stuyvesant Real Estate, listing number 3345545]](https://www.vlshomes.com/images/full/3345545a.jpg)