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205 Bedford Ave., Brooklyn, NY 11211

$7,500,000
Active Listing
Listing Details:
$7,500,000 Price
Multi-Family Townhouse Property Type
Williamsburg Neighborhood
6 Beds
3 Baths
-- Approx. Sq. Ft.
$548 RET
Key Features:
Prewar
Unit Garden
Description:

Premium Flagship Retail & Mixed Use Property for Sale. Located in North Williamsburg’s Highest Priced Retail & Residential Corridors. Introducing an extraordinary opportunity for ownership of 205 Bedford Avenue, the most prime Williamsburg real estate on the market. Located between North 5th Street & North 6th Street the area boasts the highest asking retail rents in North Williamsburg and Tops Brooklyn retail charts as well. There is potential to re-position the existing building to maximize the ground floor retail or develop a full commercial building both scenarios.

Existing Building & Property Features: Current Zoning is R6B, C1-4. Set on a 20’ X 80’ lot, the existing 4-story masonry & framed building x3 ~ 3,200 SF above grade. A full-height cellar offers an additional ~ 720 gross SF. It currently consists of x3 income-producing units: The ground floor restaurant/retail space has soaring 10’ ceilings and over 500 SF of outdoor space. The 2nd floor unit is an oversized studio with a loft-like layout, featuring triple-exposures and over 9’ high ceilings. A spacious 3 bed/1 bath duplex is set on the top 2 floors. The multiple exposures allow for abundant natural sunlight in both units. Unique details include: original hardwood flooring, custom woodwork, moldings and exposed brick.

The central location is 1.5 short blocks away from the Bedford L subway station and 4 blocks from the NYC Ferry. Located in the epicenter of Williamsburg Northside. This food, tourist and shopping mecca has seen a dramatic transformation that is on par with the top destinations in New York City. The presence of major chains, national retailers, luxurious new developments and hotels have triggered the vibrant revitalization of Williamsburg, Brooklyn. Unquestionably, this is a “not-to-be missed” opportunity!

Listing courtesy of The Corcoran Group

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