Bedford-Stuyvesant Multifamily Property Sells for $3.1M

Brenda Duetsch has acquired a 16-unit multifamily property in the Bedford-Stuyvesant neighborhood of Brooklyn for 3,075,000. The property, located at 160 Vernon Avenue, spans 10,875 square feet and sold for 282 per square foot. The sale price equates to a per unit price of $192,187.

The property features 16 residential units, consisting of 12 one-bedroom units and 4 two-bedroom units. The building is situated on a 2,500 square foot lot and includes a common outdoor space for residents.

The seller, Allen Stein, was represented in the transaction by Santo Rosabianca of WIRE International Realty. Rosabianca has extensive experience in the Brooklyn real estate market and has completed numerous transactions in the Bedford-Stuyvesant neighborhood.

Bedford-Stuyvesant has seen significant growth in recent years, with a surge in new development and rising property values. The neighborhood is known for its historic brownstones and townhouses, as well as its vibrant cultural scene and diverse community.

The sale of 160 Vernon Avenue represents a strong investment opportunity in a rapidly growing market. With its prime location and attractive unit mix, the property is well-positioned for long-term growth and stability.