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Est. payment | /mo
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
Listed by Douglas Elliman