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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F25e318a5-9b0d-46d5-bc55-188091145b97%2F3111a884-ed7c-4b2c-89e5-641a0bc0f2ff" onerror="this.style.display='none'" alt="1550 Bedford Avenue Image" style="object-fit: cover; width: 200px;" />
 Land 
 
 1550 Bedford Avenue
 
 Brooklyn, NY 
 By Avison Young

 <a href="/user/e7a1e98f-3799-429f-9c7c-8ebbeaee46dd" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Erik Edeen</a>
 
 Principal – US Investment Sales
 
 
 <a href="tel:(212) 729-7402" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(212) 729-7402</a>
 

 <a href="https://platform.reverecre.com/project/25e318a5-9b0d-46d5-bc55-188091145b97" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Avison Young offers a comprehensive suite of commercial real estate services, including transaction, management, financial and advisory services. We’ve designed our corporate structure to best serve our clients by enhancing collaboration across our organisation.

Whether you are a user/occupier or an owner/investor, Avison Young is organised to deliver truly integrated solutions to meet your unique needs.

Because we recognise that, for most occupiers, the property burden represents the second highest cost and tends to be the biggest contingent liability, we focus on helping occupiers create property and workplace solutions that improve performance, increase competitiveness, adapt to changing markets and provide the optimum workplace environment for their staff.

- Consulting Services, Facility Management, Occupier Project Management, Occupier Solutions, Occupier Valuation and Advisory Services, Tenant Representation, Transaction Management

We add value right through the property lifecycle, from acquisitions to disposals, in a wide variety of sectors including: offices, retail, industrial and alternative sectors.

Our collaborative approach means we gain a more intimate understanding of the needs of owners and investors.  As a result, we can provide customised advice that underpins intelligent and informed decisions.

Agency Leasing, Capital Markets, Consulting Services, Debt and Mortgage Services, Investment and Asset Management, Investor Project Management, Net Lease, Property Management, Valuation and Advisory Services

Flexible Solutions, Hospitality, Industrial, Multi-Family, Office, Retail

Associations and Nonprofits, Automotive Properties, Data Centers, Healthcare, Life Sciences, Private Equity, Project Management Specialty, Senior Housing, Sustainability

Principal

Director, Investment Sales at Avison Young

Director Capital Markets Group

Associate Director

Principal, Director of Operations

Director

Senior Associate

Rare Permit Advantage: With special hotel permits becoming increasingly scarce, this site offers a significant head start for developers and investors

ICAP Approval: The Property will be delivered with an approved ICAP tax abatement

Cost Savings: The completed foundation work provides significant cost savings, reducing initial construction expenses and expediting the development timeline

Booming Tourism: New York City’s tourism industry is thriving: In 2024, nearly 65 million visitors came to New York City — the second-highest figure in city history and a 3.5 percent increase from the previous year. This site is well-poised to capture a share of this growing market

Limited Competition: The limited nature of hotel offerings in Crown Heights creates a unique opportunity to establish a flagship property in a burgeoning neighborhood

Regulatory Tailwinds: The crackdown on short-term rentals like Airbnb enhances the viability and profitability of new hotel developments in the city

Offering Memorandum

For More Info:

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.

Erik Edeen is Principal and Senior Director of U.S. Investment Sales at Avison Young based out of the firm’s Manhattan Office. Erik leads major market business execution, partnering with leading professionals in those markets. He is involved in developing and executing all facets of the investment sales business across all asset types. Erik’s role includes developing go-to-market strategies including research, marketing, and data analytics. With a differentiated approach, the cohesive U.S. Investment Sales Group leverages best-in-class execution to deliver superior results for clients.

Erik also leads the day-to-day operation of the two-dozen member Tri-State Investment Sales Group where he oversees the sales, operations, and analytics teams. He serves in a leadership role on the Capital Markets Executive Committee steering critical strategy and functions. Throughout his 15-year career, Erik has been involved approximately 300 real estate transactions valued over $5 billion.

Before joining Avison Young, Erik was a Financial Analyst on CBRE’s New York Institutional Investment Sales group, a top 10 globally ranked team. Erik earned a Bachelor of Science degree in Finance from the University of Connecticut with a concentration in Real Estate and was the 2019 recipient of the University of Connecticut Real Estate Center Early Career Alumni Award. In addition, he is the Co-Chair of Real Estate Ascending Leaders (REAL), an exclusive New York based networking and educational association. Erik is a member of REBNY, ULI and is active within the UCONN alumni network. Erik lives in Long Island City with his wife and two children.

 Principal – US Investment Sales

Overview

Investment Highlights

Photo Gallery

For More Info:

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