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$1,888,888
Est. payment /mo
3,120 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $605
MLS Listing ID 504904
Year Built 1925
Annual Tax Amount $10,266
Property Sub-Type Mixed Use
Property Description
Prime Bay Ridge mixed-use investment opportunity! This three-story building features one commercial storefront, two residential units, and a full finished basement, with R6B zoning and a C1-3 commercial overlay. The second floor offers a spacious 3-bedroom, 1-bath apartment, while the third floor features a 2-bedroom, 1-bath unit.
The commercial storefront and second-floor residential unit are currently vacant, offering an excellent opportunity for an investor or owner-user to lease at current market rents. The ground-floor commercial space and second-floor unit have both been recently renovated.
With projected annual rental income of over $130,000 and a potential cap rate exceeding 5.8%, this property offers strong income potential in a desirable Bay Ridge location. Conveniently situated near shopping, dining, transportation, and neighborhood amenities.
Please be advised that the Listing Agent is also the owner of the property. Contact the Listing Agents for additional information and financial details.
The commercial storefront and second-floor residential unit are currently vacant, offering an excellent opportunity for an investor or owner-user to lease at current market rents. The ground-floor commercial space and second-floor unit have both been recently renovated.
With projected annual rental income of over $130,000 and a potential cap rate exceeding 5.8%, this property offers strong income potential in a desirable Bay Ridge location. Conveniently situated near shopping, dining, transportation, and neighborhood amenities.
Please be advised that the Listing Agent is also the owner of the property. Contact the Listing Agents for additional information and financial details.
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning R6B, C1-3
Rooms
Basement Finished, Full
Interior
Interior Features Restrooms - Staff
Hot Water Other
Heating Other
Flooring Other
Heat Source Other
Exterior
Exterior Feature Other
Roof Type Other
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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