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Listing Courtesy of RE Max Edge Group
$2,450,000
Est. payment /mo
7 Beds
5 Baths
4,560 SqFt
Open House
Thu Jun 04, 5:00pm - 6:00pm
UPDATED:
Key Details
Property Type Single Family, Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,560 sqft
Price per Sqft $537
Subdivision Bay Ridge
MLS Listing ID RLS20094018
Bedrooms 7
Full Baths 5
HOA Y/N Yes
Year Built 1925
Annual Tax Amount $25,836
Property Sub-Type Mixed Use
Property Description
Excellent investment opportunity to own a mixed-use building featuring 5 residential units plus 1 commercial storefront in a high-traffic location. Renovated in 2016 and maintained in excellent condition, this income-producing property consists of an established nail salon on the ground floor along with five residential apartments featuring a mix of 1-bedroom and 2-bedroom layouts. The property offers strong in-place income, making this an attractive opportunity for investors seeking strong cash flow and long-term appreciation. The commercial tenant contributes part of the real estate taxes. Apartments feature updated kitchens and bathrooms, spacious layouts, and excellent natural light. Separate gas and electric meters provide added efficiency and convenience. The building also includes a large, clean basement with updated mechanicals and ample storage space. Located in Bay Ridge surrounded by supermarkets, restaurants, banks, and everyday conveniences. Easy access to transportation including the N/R subway lines and B16/B70 bus routes with convenient access to Manhattan and Downtown Brooklyn. Ideal for investors, end users seeking supplemental income, or a 1031 exchange buyer. Rare opportunity to acquire a turnkey mixed-use asset. All offers submitted with mortgage pre approval and/or proof of funds.
Location
State NY
County Kings
Interior
Heating None
Cooling None
Furnishings Unfurnished
Fireplace No
Laundry Building None, None
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Mixed Use
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 06085-0038
Ownership None
Monthly Total Fees $2, 153
Pets Allowed Building Yes, Yes
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716



