Weissman Equities Finishing up First Bed Stuy Building, Acquiring Others

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Apartment listings are up and retailers signed for 426 Bainbridge Street, a long-empty mixed-use building in east Bed Stuy, pictured above, that was the first Bed Stuy purchase of neighborhood investor Weissman Equities. The four units are all no fee and gut renovated. They all have two bedrooms, one bath and are asking $2,100 a month. They have 10-foot-high ceilings, oak floors with an ebony finish, white subway tile, marble backsplashes and quartz counters in the kitchens, and Toto toilets.

Retail tenants include Noel Salon, which is relocating from elsewhere in the neighborhood, and Legend Pet Supply. Legend will open in a few weeks, and the salon is aiming for July. Drive by Press print shop and gallery has been open in the space for several months already, as reported.

Meanwhile, work on the previously bricked-up retail space at landmarked building 616 Halsey Street continues, and the firm plans to close on three more Bed Stuy buildings in July, bringing the total up to seven, said Weissman Equities Partner Seth Weissman. One of its properties is 216 Malcolm X Boulevard, where the bar Khemistry plans to open later this summer in a long-empty space, as previously reported.

Weissman Equities also plans to open up now-defunct retail space at two of the new properties it is purchasing. “I’m a big believer in how storefronts can activate the sidewalk and the neighborhood,” said Weissman. “We think it’s important for the long-term success of the community.” This week, Weissman Equities unveiled a Bed Stuy-only investment fund, as reported yesterday.

426 Bainbridge Street Listings [Weissman Equities]
Weissman Equities Coverage [Brownstoner]

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