Marcus & Millichap - Tri Borough Multi-Family

16-18 Bedford Avenue

16-18 Bedford Avenue
, Brooklyn

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Price: $3,600,000
Building Size: 5,202 Square Feet
Property Type: Mixed-use
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206

Marcus & Millichap is pleased to present 16-18 Bedford Avenue, are two three-story mixed-use buildings located on the corner of Bedford Avenue and Lorimer Street in the Greenpoint section of Brooklyn, New York (Block: 02645; Lot: 0036). The building is built irregular and is approximately 5,202 gross square feet (please verify independently).

The property is currently comprised of four free-market residential units over two retail stores. The units are comprised of 2 two-bedroom convertible three-bedroom units and 2 large one-bedroom units. The retail store in 16 Bedford Avenue is occupied by a driving school with three years left on their lease while 18 Bedford Avenue is occupied by an extremely successful restaurant (Five Leaves) that recently signed a new lease.

The building is located one block from the G-Train entrance at Nassau Avenue with the L-Train at Bedford Avenue a short walk away. It is also located in the heart of Manhattan Avenue/Bedford Avenue shopping, dining, and nightlife. The building overlooks McCarren Park providing an investor the rare opportunity to own a cashflowing building in one of the best locations in New York City.