Apartment details
City: Brooklyn
Borough: Brooklyn
Building:
245A-247 South 1st Street, Brooklyn NY 11211
Unit:
Pets policy: Pets OK
Description
Bedford Realty is pleased to offer 245A-247 South 1st Street for sale, a Southside Williamsburg mixed-use property with fantastic upside for an owner/user or investor. Situated on South 1st Street between Roebling & Havemeyer, a location that housed one of Williamsburgs iconic Michelin starred restaurants for over 10 years. The two affixed properties offer one large retail space and four residential units spread amongst +/- 4,600 gross SF. The 2300 SF retail space currently available for lease boasts 10'+ ceiling heights, vented kitchen with existing hood, walk in fridges, exposed brick and original oak floors. A full-height cellar offers an additional ~ +/-2,300 gross SF.<br> Asking commercial rents in the surrounding area along Grand Street averaged $100/SF and Northern Bedford Avenue hover north of $200/SF. The four FM residential units spread amongst both buildings offer additional immediate cash flow. All units are market rate, open concept layout, occupied with a mix of MTM and 1 year leases. Once fully stabilized and with minimal updates this property can easily see north of 5.0% cap rate.<br><br><br><br><br><br>
Price History
- 03/26/2019 - $4,250,000
Listing broker
Michael Peguero
Email: mpeguero@bedfordrealtycorp.comPhone: (718) 599-1321
Agency: Bedford Realty USA Corp
Source
Rolex
Townhouse
Off the Market
On Market Days: -2339
245A-247 South 1st Street, Brooklyn NY 11211
$4,250,000
House Detail
- 6 Rooms
- 4 Beds
- 4 Baths
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