1770 Bedford Avenue
Brooklyn, NY 11225
Cross street:Empire Boulevard

Building

Type:Low-rise
Era:Post-war
Floors:4

Property

Ownership: income-property
Rooms: 19
Bedrooms: Studio
Pets: Pets Unknown

Financials

Price:$2,000,000
Real estate tax:$67,836
Listing Courtesy of Compass

Description

Calling all savvy investors! Presenting an exceptional opportunity to own a remarkable multi-family, mid-rise property located at the heart of the vibrant Prospect-Lefferts Gardens neighborhood. Situated at 1770 Bedford Avenue (109 Sterling Street), Brooklyn, NY 11225, this property is a real gem for those looking to make a strategic investment. This building features a total of 19 rent-stabilized residential units, offering a mix of two-bedroom and three-bedroom layouts that provide annual income stability. With 10 vacant units, there's a significant opportunity for an experienced investor to take over and unlock the potential for renovation and increased returns. Inside, you'll find hardwood parquet flooring throughout the residential apartments, adding to the classic charm and appeal of the space. Recent upgrades include a newly renovated roof with silver roof coating, ensuring durability and peace of mind for years to come. The hallways and common areas feature beautiful and intricate tile work, complemented by stunning plaster details, trims, moulding, and crown moulding, showcasing the building's rich history and architectural beauty. The property boasts a total square footage of 19,140, with building dimensions of 55’ x 87’ and standing four stories tall. Built in 1911, it is situated on a lot measuring 55’ x 100’, classified as a C1 property within a R5 zoning district. Nestled in Prospect-Lefferts Gardens, a charming residential neighborhood known for its cultural diversity and historic beauty, this property is perfectly positioned. The area boasts proximity to the sprawling Prospect Park, a 526-acre urban oasis, along with attractions such as the Brooklyn Museum, Grand Army Plaza, and the Brooklyn Botanic Garden. This location offers an urban lifestyle with easy access to green spaces and cultural landmarks. Don't miss out on this extraordinary opportunity to invest in a historically rich and strategically located property. Unlock its full potential and make it a standout addition to your investment portfolio. Contact us today to learn more and schedule a viewing. Your future investment awaits in one of Brooklyn's most sought-after neighborhoods!

Amenities

  • Voice Intercom

Neighborhood

Calling all savvy investors !


OLR IDX

RLS Data display by Nest Seekers LLC.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.