431 Willoughby Avenue Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11205
Key Details
Property Type Townhouse
Sub Type For Sale
Listing Status Active
Purchase Type For Sale
Subdivision Bedford Stuyvesant
MLS Listing ID 995813
Property Sub-Type For Sale
Property Description
***OPEN HOUSE BY APOINTMENT ONLY***. 431 Willoughby is a four-story, commercial office building situated in an "Opportunity Zone? currently zoned M1-2 in prime Bedford Stuyvesant, Brooklyn. Built in 2006, this 4-story building is comprised of three (3) floor-through commercial lofts, a parking garage large enough to house three (3) cars and a sizable storage area on the ground floor. Each loft has direct elevator access managed by a key fob, including elevator access to the cellar. The commercial lofts encompass 11' ceilings with an abundance of sun from three exposures: north, south and east. Plus, the second-floor loft includes a private outdoor deck and seating area. The cellar spans the entire length of the property and contains ceramic flooring as well as a half-bathroom. Projected income equates to a 6.2% cap rate fully leased. Delivered vacant. Located between Bedford and Nostrand Avenues, with access to a vast variety of local bars and restaurants such as Black Swan, Home Frite, Baron's, Stonefruit Expresso, and Burly Coffee just to name a few. The Home Depot, Kosciuszko Pool, Herbert Von King Park, Pratt Institute and G train stop at Bedford-Nostrand Ave are all within a few blocks of the property.
Location
State NY
Community Bedford Stuyvesant
Building
Story 4
Others
Pets Allowed No Pets