$5,595,000
Updated 7 years ago
Off Market
397 Greene Ave
Bedford Stuyvesant, Brooklyn | Bedford Ave & Franklin Ave
20.5 Rooms15 Beds12.5 Baths11,200 Square FeetIncome Property
$5,595,000
floors / apts5 / 7
Lot Size37'5"x65'
ZoneR7A
Building TypeLow-Rise
RE Taxes$24,480
Price Per SF
$500
Outdoor space and views
- Balcony
- Terrace
- City Views
Building Amenities
- Video Intercom
- Bike Storage
- Laundry Room
- Roof Deck
Property Description for 397 Greene Ave
397 Greene Avenue (1074-1076 Bedford Ave), this corner building built in 2010 on a tree-lined street offers endless opportunity to an investor looking for a trophy property (semi-detached with triple exposures) in Clinton Hill / Bedford Stuyvesant Comprised of 7-rent stabilized units (4 two bedrooms, 2 duplexes with 1.5 bath and 3 bedroom 2 bath duplex) at by market rents and retail on the first floor (leased by 1 operator). Though it's rent-stabilized at below market preferential rents, there is much added value in the units. With an actual NOI hovering ~$300k per year, there isn't something this great in Prime Brooklyn on the market.There is about 9750 Square feet available above grade along with a usable basement of 1650 Sq Ft. There is laundry in the basement with some common storage. Beautiful shared roofdeck which offers 360 views of downtown Brooklyn along with the Manhattan Skyline. Bordering Clinton Hill / Bedford Stuyvesant, this architectural gem is strategically 1 block from the Bedford-Nostrand G train bordering Clinton Hill. Don't miss the opportunity!
Building Details for 397 Greene Ave
OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessWalk-up
Year Built2010
Floors/Apts5/7
Transit and Citi Bike
Subway
Bedford-Nostrand Avs
0.14 miles
Classon Av
0.27 miles
Franklin Av
0.47 miles
Citi Bike
Clifton Pl & Bedford Ave
0.05 miles
Franklin Ave & Quincy St
0.15 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 72811TH
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