Bed Stuy Warehouse Sells for $4.5 Million

A low-slung Bed Stuy warehouse with development potential at the corner of Gates and Bedford avenues just sold for $4,500,000, according to public records. The 7,500-square-foot property at 322 Gates Avenue is currently home to a wholesale beverage distributor.

Zoning would allow a developer to build up to 22,500 square feet on the site, according to PropertyShark. Overall, it seems like a good location for a residential building with ground floor retail. The buyer is an LLC that shares a Flatbush address with real estate firm S&C Realty. GMAP

Photo by Christopher Bride for PropertyShark