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$1,690,000
Est. payment /mo
9 Beds
6 Baths
4,824 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,824 sqft
Price per Sqft $350
MLS Listing ID 501940
Bedrooms 9
Full Baths 5
Half Baths 1
Annual Tax Amount $17,632
Property Sub-Type Multi-Family
Property Description
Prime 5-Family Investment Property For Sale! Exceptional investment opportunity in the heart of Bay Ridge. This fully renovated 3-story, 5-family building with a finished basement, sits on a large 26.67x100 lot with a large building size of 26.67x60. All apartments are spacious, and beautifully updated —no renovation needed, completely turn-key and ready for investors. 2-3 UNITS CAN BE DELIVERED VACANT. Separate boilers and hot water heaters; Tenants pay for their own gas, heating, and electricity. The property offers strong existing income with a current cap rate of 6.8% and excellent upside potential to reach 8.1%. Conveniently located just a few minutes' to Fort Hamilton Parkway, close to all daily necessities including supermarkets, restaurants, and shops. The B70 and B4 buses are located nearby for easy and convenient transportation. A rare chance to own a high-performing, low-maintenance building in one of Brooklyn's most desirable neighborhoods, ideal for investors seeking stability and long-term returns.
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning R4-1
Rooms
Basement Finished, Full
Interior
Hot Water Other
Heating Other
Flooring Hardwood
Heat Source Other
Exterior
Exterior Feature Other
Amenities Available NONE
Roof Type Other
Handicap Access Unknown
Building
Story 3
Foundation Other
Others
Energy Description Other
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Fang Fang Realty Inc
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716