Multifamily Housing
538 Bainbridge Street Brooklyn, NY 11233
Details & Description
Price: $1,800,000
    The building is 73’ feet deep offering massive 2 BR units. Value-add potential through renovation or reconfiguration of layouts. All tenancies are free-market - either MTM or on short-term leases.Potential portfolio sale with 743 Mac Donough St – a similar Ocean Hill 6-family – 100% free market. Same ownership, can be sold as a package or separately. Inquire for details.Located within three blocks to J, Z trains at Halsey Street station on Broadway, providing convenient access to Williamsburg and Manhattan within 25 minutes.As Tax Class 2A, the building is protected from egregious tax increases. An opinion letter from a tax attorney can be provided upon request.B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 538 Bainbridge Street, a walkup multifamily building in the Bedford-Stuyvesant neighborhood of Brooklyn.
    Property Highlights
     Building is currently 100 free market and not subject to rent regulation.
     Building comprises of six 6 2-bedroom units through three stories.
    Listing Agents
    DJ Johnston

    O: 646-933-2619
    djohnston@b6realestate.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    538 Bainbridge Street

    Brooklyn, NY 11233

    Listing ID: 252143
    538 Bainbridge Street Brooklyn, NY 11233 | for Sale | Photo 1
    Building Size: 5,585 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $322.29
    Land $/SF: $322.00
    Price
    $1,800,000
    Property Highlights
    Building is currently 100 free market and not subject to rent regulation.
    Building comprises of six 6 2-bedroom units through three stories.
    Option to assume current mortgage
    Description

    The building is 73’ feet deep offering massive 2 BR units. Value-add potential through renovation or reconfiguration of layouts. All tenancies are free-market - either MTM or on short-term leases.

    Potential portfolio sale with 743 Mac Donough St – a similar Ocean Hill 6-family – 100% free market. Same ownership, can be sold as a package or separately. Inquire for details.

    Located within three blocks to J, Z trains at Halsey Street station on Broadway, providing convenient access to Williamsburg and Manhattan within 25 minutes.

    As Tax Class 2A, the building is protected from egregious tax increases. An opinion letter from a tax attorney can be provided upon request.

    B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 538 Bainbridge Street, a walkup multifamily building in the Bedford-Stuyvesant neighborhood of Brooklyn.

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    New York History of Multifamily Housing for Sale

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    Brooklyn Area Market Trends

    Listing Demographics for 538 Bainbridge Street Brooklyn, NY 11233

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population154,5051,186,4612,744,357
    Population Median Age363638
    Population by Age0-9 Yrs19706 (12%)154029 (12%)336475 (12%)
    10-19 Yrs17688 (11%)138606 (11%)294661 (10%)
    20-29 Yrs31435 (20%)215274 (18%)451692 (16%)
    30-39 Yrs24981 (16%)197145 (16%)467020 (17%)
    40-49 Yrs19028 (12%)145281 (12%)357122 (13%)
    50-59 Yrs17773 (11%)137101 (11%)325517 (11%)
    60-69 Yrs12874 (8%)105536 (8%)270091 (9%)
    70+ Yrs11021 (7%)93490 (7%)241779 (8%)
    Median HH Income$46,260$53,339$64,542
    Total Household Income< 24K18620 (32%)123314 (28%)238956 (23%)
    25-49K11767 (20%)87246 (19%)189716 (18%)
    50-74K8208 (14%)65033 (14%)149200 (14%)
    75-99K5955 (10%)50276 (11%)121603 (11%)
    100-199K9984 (17%)86787 (19%)234466 (22%)
    200K+2797 (4%)27424 (6%)104019 (10%)
    Highest Education LevelNo Diploma20693143701315491
    Diploma or GED31809242811496021
    Some College15528123966263487
    Assoc. Degree789451783118870
    Bachelors Degree18988159287451756
    Higher Degree870784282289129
    Total Housing Units63,111482,7321,134,321
    --Owner-Occupied12,290103,637305,154
    --Renter-Occupied45,040336,442732,807
    Owner-Occupied Values< 100K60339909793
    100-199K341219911195
    200-299K384402619010
    300-399K752960028047
    400-499K6851484337185
    500K+952568978199924
    Total Working Age Population124,455946,8322,224,543
    In Work Force77,220605,1961,449,954
    Not In Work Force47,235341,637774,589
    Workforce Employed72,079564,2361,365,711
    Workforce Unemployed5,13140,70583,673
    Civlian Workforce77,210604,9401,449,384
    Military Workforce10255570
    Total Households57,331440,0791,037,961
    Family Households32,175257,112610,886
    Non-Family Households25,156182,967427,075
    Married Couple12,045128,092369,013
    Other Family20,130129,020241,873
    Married w/Child5,40756,521160,231
    Single Male w/Child1,5688,47216,850
    Single Female w/Child7,21944,37276,108

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Hudson County608,975+4634,266+12708,100+6747,400
    New York18,976,457+219,378,102+420,146,131+220,604,030
    Kings County2,465,326+22,504,700+92,738,283+52,863,996
    New York County1,537,195+31,585,873+61,688,894+21,727,631
    Queens County2,229,37902,230,722+92,436,549+52,565,268

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 538 Bainbridge Street in Brooklyn?
    The asking price for 538 Bainbridge Street is $1,800,000
    What is the building size of this Multifamily property in Brooklyn, NY?
    The size of the building/unit at 538 Bainbridge Street in Brooklyn is 5,585 square feet
    What is the population within 1 mile of 538 Bainbridge Street in Brooklyn?
    The population within 1 mile of 538 Bainbridge Street Brooklyn, NY 11233 is 154,505 people.
    Who do I contact for questions about 538 Bainbridge Street?
    You should contact the listing agent, DJ Johnston, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    La Guardia Airport (LGA) 7
    John F Kennedy International Airport (JFK) 8
    Newark Liberty International Airport (EWR) 13
    Price
    $1,800,000
    Listing Agent
    More listings from DJ Johnston
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