- For Sale Contact for pricing
- Property Type Other
- Property Size 19,200 SF
- Date Updated Mar 7, 2025
Avison Young has been engaged as exclusive agent to manage the bankruptcy auction for 1550 Bedford Avenue, a prime hotel/commercial development site in Crown Heights, Brooklyn. The bankruptcy sale process provides several distinct advantages to prospective purchasers which include a streamlined, transparent acquisition process, as well as the clarity of acquiring the site with clean title.
The Property is a 19,200 square foot (“sf”) vacant lot with 192 feet of frontage along Bedford Avenue and 100 feet of frontage along Eastern Parkway. Situated in the heart of Crown Heights, Brooklyn, this site represents a rare hotel/commercial development opportunity. 1550 Bedford Ave benefits from C8-2 zoning designation, allowing for a variety of creative commercial uses. The location provides a high degree of visibility by virtue of its frontage along Eastern Parkway, a well trafficked vehicular and pedestrian throughway. The site has been approved for hotel development and is grandfathered in, providing a rare advantage in New York City due to the increasing difficulty of obtaining new special permits for hotel use. The Property is advantageously positioned in a vibrant neighborhood with growing demand for high-quality hospitality options. The Property has been fully excavated and is improved by a completed foundation which will lessen total construction costs required for either completion or a redesign of the original building plan.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Rare Permit Advantage
- ICAP Approval
- Cost Savings
- Booming Tourism
- Limited Competition
- Regulatory Tailwinds
False
Contacts
Location
Getting Around
-
Walk Score ®
96/100
Walker's Paradise
-
Transit Score ®
100/100
Rider's Paradise
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Bike Score ®
89/100
Very Bikeable
- City Brooklyn, NY
- Neighborhood Crown Heights
- Zip Code 11225
- Market Brooklyn
Points of Interest
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Franklin Avenue
0.14 miles
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Eastern Parkway - Brooklyn Museum
0.48 miles
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Eastern Parkway–Brooklyn Museum
0.48 miles
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Nostrand Avenue Station Entrance
0.63 miles
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Kingston Avenue
0.69 miles
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International Car Service
0.73 miles
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Norwood Car & Limo
0.83 miles
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Kingston–Throop Avenues
0.99 miles
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Crown Heights–Utica Avenue
1.27 miles
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Classon Avenue
1.29 miles
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Tesla Supercharger
0.40 miles
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BP
0.50 miles
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Mobil
0.56 miles
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Shell
0.60 miles
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Sunoco
0.78 miles
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Xpress Lane
0.78 miles
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Amoco
1.38 miles
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plugNYC
1.48 miles
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EVgo
1.53 miles
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Revel
2.01 miles
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The Brooklyn Museum and Botanic Garden
0.47 miles
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Underhill Garage
0.72 miles
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Rapid Park
0.87 miles
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Cielo Garage
1.02 miles
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Garfield Garage
1.17 miles
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Kings County Parking Garage
1.25 miles
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Car Park Systems
1.38 miles
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Ultra Car Park Systems
1.46 miles
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Edison ParkFast
2.09 miles
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The Parking Club
2.37 miles
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The Brooklyn Riviera Hostel
0.36 miles
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The Brooklyn Hotel
0.61 miles
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La Quinta
0.62 miles
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Mirage Brooklyn
0.80 miles
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Illumination Bed & Breakfast
1.16 miles
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Sonder: The Industrialist
1.57 miles
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Union Hotel
1.58 miles
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Towneplace Suites
1.60 miles
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Fairfield Inn
1.64 miles
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Tru by Hilton
1.64 miles
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Cornbread
0.03 miles
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Golden Chopstick
0.14 miles
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Veggies Natural Juice Bar
0.14 miles
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El Barrio Burritos
0.15 miles
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Aita Trattoria
0.15 miles
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Golden Krust
0.15 miles
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Barboncino
0.15 miles
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King's Wok
0.15 miles
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Arden
0.15 miles
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Bagel Pub
0.15 miles
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Full Gospel Christian Academy
0.24 miles
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Medgar Evers College
0.26 miles
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Clara Barton High School
0.35 miles
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M.S. 353 Elijah Stroud
0.40 miles
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Public School K375 Jackie Robinson
0.44 miles
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K352 Ebbets Field Middle School
0.46 miles
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Yeshivas Oholei Torah
0.46 miles
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Hebron Seventh Day Adventist Elementary School
0.47 miles
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Exceed Upper School
0.47 miles
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Exceed Lower School
0.50 miles
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Friends of Crown Heights Educational Center
0.21 miles
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Elite Early Childhood Learning Center
0.23 miles
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Tiny Monster Academy
0.31 miles
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Prospect Kids Academy
0.31 miles
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Park Place Day Care
0.31 miles
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Bambi Early Education and Child Care
0.32 miles
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Wortspiele Montessori Preschool
0.32 miles
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Chai Tots
0.33 miles
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Garden of Learning
0.41 miles
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Sunflower Playhouse
0.42 miles
Frequently Asked Questions
The sale price for 1550 Bedford Avenue is available upon request. Contact the listing broker for more information.
1550 Bedford Avenue totals 19,200 square feet.
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