Fedders Building in Bed Stuy Asks Over $1M


Location is everything in real estate, and 360 Greene Avenue in Bed Stuy is just a few blocks from Clinton Hill, but we were surprised to see an ask of $1,100,000 on this new-construction building. The listing says the current rent roll for the three-unit building is $5,355 a month. According to PropertyShark, the median price for properties of this size in this location is $700,000. Do you think the price makes sense as an investment?
360 Greene Avenue Listing [Brooklyn Properties]
Photo by Nicholas Strini for PropertyShark