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$2,000,000
Est. payment /mo
7 Beds
7.5 Baths
2,008 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11391497
Bedrooms 7
Full Baths 7
Half Baths 1
Year Built 1907
Annual Tax Amount $23,491
Tax Year 2024
Lot Size 2,008 Sqft
Property Description
This is a rare opportunity to own a mixed-use building on the desirable 5th Avenue in Bay Ridge, Brooklyn. The property features 7 one-bedroom apartments and 1 commercial space, with only one free-market unit and the rest rent-stabilized. 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. The commercial tenant - doctor's office with leases ending in 2024 and 2025, 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.
Location
State NY
County 36047
Rooms
Dining Room 1
Kitchen 0
Building
Story 4
Structure Type Masonry - Brick
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Nearby School & Business
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United Country Midwest Lifestyle Properties
. | License ID: 76296
. License ID: 76296