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$1,880,000
Est. payment /mo
3,300 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $569
MLS Listing ID 497780
Year Built 1931
Property Sub-Type Mixed Use
Property Description
Outstanding Mixed-Use Investment Opportunity. Discover an exceptional investment property located in the highly desirable Bay Ridge neighborhood. This solid mixed-use building offers one commercial unit and three newly renovated residential apartments, providing strong rental income and long-term upside in a prime Brooklyn location. Commercial Unit (1st Floor – Street Level) Currently occupied by a barbershop, Tenant pays hot water and electricity, keeping owner expenses low. Residential Units (All Newly Renovated) 1st Floor Rear – 2 Bedroom Apartment. Vacant and fully updated—perfect for immediate leasing or personal use. 2nd Floor – 5 Bedrooms, 1.5 Baths, spacious layout with modern renovations, 3rd Floor – 5 Bedrooms, 1.5 Baths, Newly renovated with generous living space. Strong rental income $118,980/year, expense only $20,208/ Year. Net 5.5%. A perfect location for both residential and commercial tenants. WON'T LAST.
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning R5B
Rooms
Basement Finished, Full
Interior
Interior Features Other, None
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 3
Foundation Poured Concrete, Stone
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Ashford Homes LLC
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716