1153 Bedford Ave

Asset CRG Advisors (‘AssetCRG’) is pleased to announce the sale of, 1153 Bedford Ave, Brooklyn, NY 11216. The stalled residential conversion in the Bedford-Stuyvesant neighborhood of Brooklyn has approved plans for eight condos, consisting of six 1-BR units, one 2-BR unit, and one studio. Approximately 25% ($635,000) of the work has been completed, including demo, excavation, and structural joists, with an additional $1,500,000 needed for completion. The property offers 5,403 net residential sellable square feet, with a projected sellout at $1,068 per sq. ft., totaling $5,775,000.