245A-247 South 1st Street $4,250,000


    245A-247 South 1st Street Brooklyn, NY 11211

    • 0.00 Acres
    • Vacant Land
    MLS# RLMX-011410031039 | Active


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    Days On Market: 224 2 Views
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    Property Details

    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>

    • General Features
      • Sale Or Rent Building for Sale
      • Year Built 1910
      • Ownership Development Site
      • County Kings
      • Subdivision Williamsburg
    • Building Features
      • Block 2395
      • Air Conditioning Type Unknown Type
      • Air Conditioning Type1 Unknown Type
      • Pool False
      • New Development False
      • Laundry Room False
      • Green Building False
      • Garden False
      • Garage False
      • Fitness Facility False
      • Courtyard False
      • Elevator False
      • Type Low-Rise
      • Age Pre-war
      • Building Access Walk-up
      • Borough Brooklyn
      • Number of Rooms 6
      • Service Level Voice Intercom
      • Number of Professional Units 0
      • Number of Commercial Units 0
      • Floor Count 2
      • Roof Deck False


    Hugo Salazar

    Real Estate Broker, Owner

    RE/MAX Real Estate Professionals

    Office: 718-532-2000


    11211 (Brooklyn) Demographics

    30Median Age
    43,237Population Density (per sq. mile)
    50%College Educated
    $59,190Estimated Median Income
    5,989Estimated Total Home Owners
    32,060Estimated Total Renters
    16% / 84%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    99,964Total Population

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    27 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,250,000
        11/28/2018 1:18:34 AM Price Increased Source New Value: $4,250,000 7.59%
        8/9/2018 3:46:00 PM New in Database Source New Value: $3,950,000

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