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Commercial Sale in Brooklyn, New York, Brooklyn, NY 11220 | Web ID: 815588 | $1,260,000

 
Commercial Sale in New York - 68th  Brooklyn, NY 11220
 

Property Description

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.

Property Information

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
Heat Source Natural Gas
Util Incl Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Days On Market 182
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

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Fax: 718-896-7020

 

 

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