245A-247 South 1St St, Brooklyn, NY 11211 - MLS RLMX-011410031039 | Berkshire Hathaway HomeServices New England Properties
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  • 245A-247 South 1St St, Brooklyn, NY 11211
  • $4,250,000
  • 4 BedroomBedrooms
  • 4 BathroomBathrooms
  • 0 Full BathroomFull Bathrooms
  • 0 Half BathroomHalf Bathrooms
  • 4,600 Sqft
  • Sold On

245A-247 South 1St St, Brooklyn, NY 11211

  • Open House
  • New Listing
  • 4 BedroomBedrooms
  • 4 BathroomBathrooms
  • 4,600 Sqft
  • Townhouse
  • Active
  • MLS# RLMX-011410031039
  • Sold On
0 More Schedule
  • Price Reduced$300,000

Property Information

  • MLSRLMX-011410031039
  • Zip Code11211
  • TypeTownhouse
  • Bedrooms4
  • Bathrooms4
  • Total Rooms6
  • Sq. Ft.4, 600
  • Interior Features
  • Year Built1910
  • Estimated Taxes$0
  • Maintenance or Common Charges$0
  • Building Features

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 Rbling & 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. 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.

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Listing courtesy of: Michael Peguero, Bedford Realty USA Corp