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4433 Bedford Ave
Score
0
Brooklyn, NY

4433 Bedford Ave

972K
bd • ba • 2,050 sf

This analysis was generated on 2/16/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$971,500

Price/Sq.Ft

$474

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Prime Brooklyn Location: Situated in Brooklyn, the property benefits from access to diverse neighborhoods, cultural attractions, and a vibrant urban lifestyle. • Competitive Price per Square Foot: At $473.90 per square foot, the property's price appears competitive compared to the average Brooklyn price per square foot, which often exceeds $700. This could represent a potential value opportunity. • Potential Redevelopment Opportunity: The lack of property description allows for the possibility of redevelopment, subject to zoning regulations and approvals. This could appeal to investors seeking to maximize the property's potential.

The Bad

• Lack of Property Information: The absence of details regarding bedrooms, bathrooms, property features, and descriptions makes it difficult to assess the property's true value and potential. This lack of transparency is a significant drawback. • Unknown Year Built: The unknown age of the property makes it difficult to assess its structural integrity and potential for required maintenance or renovations. Older properties may have hidden issues like outdated plumbing or electrical systems. • Missing Room Details: The absence of room details prevents a thorough understanding of the property's layout, size, and functionality. This information is crucial for determining if the property meets a buyer's needs.

The Ugly

• High Cost of Ownership: Even with a competitive price per square foot, the overall purchase price remains substantial. Factoring in mortgage payments, property taxes, insurance, and potential renovation costs, the total cost of ownership could be considerable. • Potential for Hidden Costs: The lack of property information raises concerns about potential hidden costs, such as structural repairs, code violations, or environmental hazards. These unforeseen expenses could significantly impact the overall investment. • Unknown Renovation Requirements: Without details on the property's condition, it's impossible to determine the extent of required renovations. This uncertainty adds risk and could lead to budget overruns.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers Seeking a Property with Redevelopment Potential: The lack of information on the existing structure allows for consideration of potential redevelopment opportunities, subject to zoning and permitting approvals. With a lot size implied by the $473.90/sqft price, there may be potential to maximize the land use. • Investors Comfortable with High Initial Due Diligence: Given the limited details, this property suits investors prepared to conduct extensive research to uncover the property's true potential and challenges. • Buyers Seeking Proximity to Urban Amenities: The property's location in Brooklyn offers access to a wide range of amenities, including transportation, shopping, and dining. This is ideal for those who value city living and convenience. • Buyers comfortable with monthly expenses in the range of $6,000 - $8,000: Assuming a 20% down payment and a 7% interest rate, the mortgage could run ~$5,400/month. Adding ~$300/month insurance and ~$300/month property taxes totals ~$6,000/month. This doesn't include potential maintenance, or utilities, placing the cost at the higher end of the market.

Not For

• Buyers Seeking a Move-In Ready Property: The lack of property details suggests potential renovation or repair work may be needed, making it unsuitable for those seeking a hassle-free purchase. • Buyers with Limited Capital: Given Brooklyn's competitive market and the potential for unforeseen repairs, buyers with limited funds may find this property too risky. • Risk-Averse Buyers: The incomplete information creates a high degree of uncertainty, making this property unsuitable for those who prefer a more predictable investment.
Demographics
Area Median Income

$69,076

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Financials

Monthly Costs
Market Rent (0 bed)

$2,123

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$971,500
Price/sqft
$474
Layout
0 bd0 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,003,000

3.1%

Your price is 3.1% below average

Median Price

$990,000

1.9%

Based on 6 recent sales

Price per Sq.Ft

$499

5.0%

Your price is 5.0% below average $/sqft

Comparable Properties

4323 Bedford Avenue, Brooklyn, NY 11229
Price: $940,000
Sq.Ft: 2,070
Beds/Baths: 3/2
$/Sq.Ft:
$4544.2%
Sale Date: 12/4/2024
2575 E 28th Street, Brooklyn, NY 11235
Price: $1,220,000
Sq.Ft: 1,942
Beds/Baths: 3/3
$/Sq.Ft:
$62832.6%
Sale Date: 12/10/2024
2066 E 29th Street, Brooklyn, NY 11229
Price: $958,000
Sq.Ft: 1,890
Beds/Baths: 5/3
$/Sq.Ft:
$5077.0%
Sale Date: 12/4/2024
1995 E 28th Street, Brooklyn, NY 11229
Price: $990,000
Sq.Ft: 2,280
Beds/Baths: 5/3
$/Sq.Ft:
$4348.4%
Sale Date: 12/4/2024
2704 Avenue Y, Brooklyn, NY 11235
Price: $1,150,000
Sq.Ft: 2,100
Beds/Baths: 3/2
$/Sq.Ft:
$54815.6%
Sale Date: 10/22/2024
2804 Ford Street, Brooklyn, NY 11235
Price: $760,000
Sq.Ft: 1,800
Beds/Baths: 3/3
$/Sq.Ft:
$42210.9%
Sale Date: 11/26/2024

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