About this home

We have been retained on an exclusive basis to arrange for the sale of 171 Bedford Avenue, a three-story+cellar, 6,044 SF mixed-use property located along one of Brooklyn's most established and sought-after retail corridors in the heart of Williamsburg. The property consists of ground-floor commercial space with two large four-bedroom residential units above. It further benefits from protected Tax Class 1 status and exceptionally low current real estate taxes of approximately $21,500 annually. The residential component offers an immediate value-add opportunity, with the second- and third-floor apartments currently generating just $4,200 and $4,600 per month (approximately $36/SF). Both units are occupied on a month-to-month basis, while nearby comparable apartments support approximately $90/SF-more than double the existing level. The large, full-floor layouts provide an attractive opportunity for renovation and repositioning with the potential to materially increase income. The ground-floor retail is occupied by a long-standing optical tenant paying approximately $17,000 per month (~$86/SF on an effective-area basis), with 3% annual increases and a lease extending through July 2029. Comparable Bedford Avenue storefronts are approaching $200/SF, creating substantial mark-to-market potential at lease expiration, while the currently unused cellar and rear yard offer additional opportunities to enhance the property. The 25' * 100' lot also provides longer-term development flexibility. With a premier Bedford Avenue location, significant upside across both the residential and commercial components, and an unusually low tax burden, 171 Bedford Avenue presents a compelling Williamsburg value-add investment opportunity.

Facts and features

Schools

• Ps 17 Henry D Woodworth

  elementary · K-5 · 0.2 mi

  8

• Williamsburg Northside Preschool

  elementary · 2-4 · 0.1 mi

• Conselyea Preparatory School

  middle · 6-8 · 0.2 mi

  5

• Williamsburg Preparatory School

  high · 9-12 · 0.2 mi

  5

• Williamsburg High School for Architecture and Design

  high · 9-12 · 0.2 mi

  8

• Brooklyn Preparatory High School

  high · 9-12 · 0.2 mi

  10

Price history

• Sep 9, 2026 · Listed$7,500,000

Where it is