2311 Bedford Avenue

Description

Great opportunity in one of Brooklyn’s most consistent and active corridors. A legal three-family brick building with vacant delivery offers full control at closing, allowing for immediate use, repositioning, or long-term planning without delay. The property spans approximately 3,018 square feet across three residential units, each averaging about 1,000 square feet. The layout includes two 2.5-bedroom railroad-style apartments with dual entrances and one ground-floor two-bedroom unit. The building is solid brick construction with updated bathrooms, and a full basement featuring a bathroom and direct access to the backyard. It has been held and maintained by the same family for over 60 years, reflecting consistent care and stability. A defining feature of this property is its zoning advantage. Located in an R6 district, the building is currently underbuilt with a FAR of 1.97, allowing for approximately 1,580 additional buildable square feet. This creates the ability to expand or reconfigure over time, adding meaningful long-term value beyond the existing structure. The location supports strong, ongoing demand. Positioned along Bedford Avenue, the property is surrounded by neighborhood retail, dining, and everyday conveniences. It is near Brooklyn College, a major local anchor, and close to Prospect Park and the historic Kings Theatre. These established amenities contribute to the area’s continued appeal. Transportation access is another key advantage. The property is located near the 2/5 Subway Line at Flatbush Junction, providing direct connectivity into Manhattan and throughout Brooklyn. From a practical standpoint, the configuration allows for multiple use scenarios, whether for residential occupancy, income generation, or future expansion. The property also benefits from relatively low annual taxes of approximately $5,100, contributing to overall efficiency. The fundamentals are clear. The lot measures approximately 1,534 square feet, with a maximum allowable buildable area of 4,602 square feet. The difference between the current structure and the allowable build represents tangible additional potential. This is a well-located, flexible asset with immediate usability and long-term upside.