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Bay Ridge All-brick 6-family Asset. Fully Tenanted, The Owner-occupied 2-bedroom Will Be Delivered Vacant. Upside Potential Offers The Opportunity For Growing Returns; All Current 2-year Leases Are Set To Expire On 9/30/25. The Building Is 20' X 90' On A 114 Ft Lot Zoned R7b. Well-maintained, With 5, 400 Interior Sq. Ft. Located In Prime Northern Bay Ridge Near Shopping, Dining, And Multiple Transportation Options. Current Rr Is $123, 421/yr, With Total Expenses Of $38, 584 (current Cap 6.3). The Projected Income Upon New Lease Signing Is $145, 729, Bringing Cap To 8%. There Are 11 Total Bedrooms And 6 Baths. Buyers Are Responsible For Due Diligence; Apartments Are Rent-stabilized. Shown By Appointment.
Location/Town | New York |
Area/County | Brooklyn |
Post Office/Postal City | Brooklyn |
Prop. Type | Commercial Sale |
Tax | $21,584.00 |
Year Built | 1915 |
Basement | Unfinished, Walk-Out Access |
Construction | Brick |
Total Units | 6 |
Lot SqFt | 2,293 |
Cooling | None |
Util Incl | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
Days On Market | 103 |
Tax Assessed Value | 437400 |
Units | 6 |
School District | Brooklyn 20 |
Middle School | Jhs 259 William Mckinley |
Elementary School | Ps 102 Bayview (The) |
High School | Fort Hamilton High School |
Listing information courtesy of: Keller Williams Realty Empire |