151 Tompkins Avenue

For SaleContact for pricing

151 Tompkins Avenue, Brooklyn, NY 11206

  • Mixed Use

151 Tompkins Avenue, Brooklyn, NY 11206 - Mixed Use Space

151 Tompkins Avenue is located at 151 Tompkins Avenue in the Bedford-Stuyvesant neighborhood, NY, Brooklyn, 11206. The Mixed Use building features a total of 5,600 Sqft.

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Details

  • Sale Price Contact for pricing
  • City Brooklyn
  • Neighborhood Bedford-Stuyvesant
  • Zip Code 11206
  • Property Type Mixed Use
  • Property Size 5,600 Sqft
  • Lot Size 1,500 Sqft
  • Date Updated 25 Sep, 2020
  • Website arielpa.nyc

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Description

Ariel Property Advisors has been retained to sell the shared-living, mixeduse building located at 151 Tompkins Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn. The property takes advantage of the new and growing concept of shared-living where a tenant pays one all-inclusive payment (rent, cable, internet, utilities, etc.) each month for a room, and has access to a plethora of shared amenities the building has to offer. The concept truly maximizes the income an owner can obtain per square foot and has started to take off in New York City and other cities across the country.

151 Tompkins Avenue is a fully gut-renovated, elevator, mixed-use property located on the southeast corner of Tompkins and Willoughby Avenues. The building contains 18 separate rooms that share 3 kitchens, 3 lounges, and 6 bathrooms, divided amongst the top 3 floors. In addition, there is one retail unit on the first floor which is approximately 1,400 gross square feet and is occupied by a bar/restaurant.

The 4-story building is 20’ x 75’, encompasses approximately 5,600 gross square feet, and sits on a 20’ x 75’ lot. It was recently fully gut-renovated and is equipped with new, high-end appliances and finishes. There is an additional common lounge in the basement which contains multiple workspaces and a lounge area. There is also a roof top deck with amazing views of nearby Brooklyn and Manhattan where tenants can gather to relax or have a barbeque. In addition, the property is in the 2A tax class so increases in its tax bill are restricted.

151 Tompkins Avenue is very well situated in the heart of Bedford-Stuyvesant. Transportation is in abundance with the Myrtle-Willoughby G train located three blocks away and the Myrtle Avenue-Broadway JMZ train just a short walk east of the property. Pratt Institute is also around a 15 minute walk from the property, making it an attractive housing option for students.

This asset represents an excellent opportunity for an investor to capitalize on the new and exciting model of shared-living within the booming borough of Brooklyn. For additional information, please contact our office.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 151 Tompkins Avenue?

151 Tompkins Avenue totals 5,600 square feet.

Bedford-Stuyvesant Demographics

The average household income in zip code 11206 is $61,423, from a total of 31,042 households. In terms of employment, there are 86.78 % white-collar and 13.22 % blue-collar jobs in zip code 11206.

Population

  • Total Population156,464
  • Male Population(47.2 %) 73,778
  • Female Population(52.8 %) 82,685
  • Median Age31.60

Income/Financial

  • Average Household Income$69,272
  • Median Household Income$50,153
  • Median Income Under 25$45,417
  • Median Income 25-44$69,323
  • Median Income 45-64$46,885
  • Median Income Over 65$26,338

Commercial Brokers Register now to add listings

broker

Jonathan Berman

Ariel Property Advisors

(212) 544-9500 x 20

broker

Dov Chein

Ariel Property Advisors

(212) 544-9500 x 28