7127 5th AVE, Brooklyn, NY 11209
7127 5th AVE, Brooklyn, NY 11209
7127 5th AVE, Brooklyn, NY 11209
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Randy Reis

Randy Reis

+1(917) 435-4870
$3,899,000
Est. payment /mo
7,200 SqFt
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UPDATED:

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $541

MLS Listing ID 501194

Year Built 1907

Annual Tax Amount $53,555

Property Sub-Type Mixed Use

Property Description

This is a rare opportunity to own Two mixed-use Side-by-side buildings on the desirable 5th Avenue in Bay Ridge, Brooklyn. Each property features 7 one-bedroom apartments and 1 commercial space, for a total of 14 residential and 2 commercial The residential units have been beautifully renovated with modern finishes and amenities, and the common areas and utilities have been updated in the last 5 years. Spacious basement allows for bike storage and or cubicals with more potential income The commercial tenants are - 1. doctor's office and 1. jewelry story providing stable income and low turnover. The property benefits from a 2B Tax Class that limits tax increases. The location is ideal for residents who want to enjoy the neighborhood's attractions and parks, such as the Alpine Cinema, Gino's Restaurant, Lief Erickson Park, McKinley Park and Owl's Head Park, all within a short distance. The property is also well-connected to public transportation, with the Bay Ridge Avenue R train station and the B63 bus route nearby, as well as easy access to major highways like the Gowanus Expressway and Belt Parkway. Don't miss this chance to invest in a turn-key property with strong cash-flow potential on a prime retail corridor.
Selling as a Package Deal 7127 and 7129 5th Ave. All Expenses are for both properties combined.

Location

State NY

County Kings (brooklyn)

Area Park Slope

Zoning R6B

Rooms

Basement Walk-in

Interior

Interior Features Other

Hot Water Gas

Heating Gas

Flooring Hardwood

Heat Source Gas

Exterior

Exterior Feature Brick

Roof Type Flat

Building

Story 4

Foundation Poured Concrete

Others

Energy Description Gas

Financing 1031 Exchange,Bank Mortgage,Cash

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Listed by RE/MAX Real Estate Professiona

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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