Description

Well maintained mixed-use building (3,135 square feet) in prime Bay Ridge, featuring Two 3-bedroom Apartments and One Retail space. Fully occupied, Tenant Lease Expiration Dates are as follows: 2nd FL Apt 05/31/27; 3rd FL Apt 05/31/28; Ground Floor Retail 12/31/26. This Investment Opportunity offers some flexibility with High Upside Potential. Projected rents are: Retail 5,500/month, 2nd FL Apt $3,200/month, 3rd FL apt $3,100 bring total projected annual income to $141,600, with low annual expenses of $28,307. Potential NOI is $113,293. Located in a high foot and car traffic corridor, just minutes away from the R train and a short distance to the B63 bus and B4 bus, this property offers strong income potential in one of Brooklyn’s most sought-after neighborhoods. Sellers are motivated, present all offers!

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Property information

Property type

Residential Income

Sub-type

Mixed Use

Year built

1931

Living area

3,135 Sq Ft

Lot size

0.04 acres

Annual taxes

$13,907

Price / Sq Ft

$638

Days on market

27

Zoning

R6B

Features

Appliances

Gas Water Heater

Heating

Steam · Natural Gas

Flooring

Ceramic Tile · Hardwood · Linoleum

Lot

Irregular Lot

Foundation

Stone

Roof

Flat

Construction

Brick

Basement

Unfinished