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$ 2,450,000
Est. payment | /mo
4,560 SqFt
$ 2,450,000
Est. payment | /mo
4,560 SqFt
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,560 sqft
Price per Sqft $537
MLS Listing ID 501727
Year Built 1925
Annual Tax Amount $25,835
Lot Dimensions 20x90
Property Sub-Type Mixed Use
Property Description
Excellent investment opportunity to own a mixed-use building featuring 5 residential units plus 1 commercial storefront in a high-traffic location. Renovated in 2016 and maintained in excellent condition, this income-producing property consists of an established nail salon on the ground floor along with five residential apartments featuring a mix of 1-bedroom and 2-bedroom layouts.
The property offers strong in-place income, making this an attractive opportunity for investors seeking strong cash flow and long-term appreciation. The commercial tenant contributes part of the real estate taxes.
Apartments feature updated kitchens and bathrooms, spacious layouts, and excellent natural light. Separate gas and electric meters provide added efficiency and convenience. The building also includes a large, clean basement with updated mechanicals and ample storage space.
Located in Bay Ridge surrounded by supermarkets, restaurants, banks, and everyday conveniences. Easy access to transportation including the N/R subway lines and B16/B70 bus routes with convenient access to Manhattan and Downtown Brooklyn. Ideal for investors, end users seeking supplemental income, or a 1031 exchange buyer. Rare opportunity to acquire a turnkey mixed-use asset. All offers submitted with mortgage pre approval and/or proof of funds.
The property offers strong in-place income, making this an attractive opportunity for investors seeking strong cash flow and long-term appreciation. The commercial tenant contributes part of the real estate taxes.
Apartments feature updated kitchens and bathrooms, spacious layouts, and excellent natural light. Separate gas and electric meters provide added efficiency and convenience. The building also includes a large, clean basement with updated mechanicals and ample storage space.
Located in Bay Ridge surrounded by supermarkets, restaurants, banks, and everyday conveniences. Easy access to transportation including the N/R subway lines and B16/B70 bus routes with convenient access to Manhattan and Downtown Brooklyn. Ideal for investors, end users seeking supplemental income, or a 1031 exchange buyer. Rare opportunity to acquire a turnkey mixed-use asset. All offers submitted with mortgage pre approval and/or proof of funds.
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning R6B
Rooms
Basement Full
Interior
Interior Features None
Hot Water Hot Water Coil in Boiler
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 3
Foundation Other
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Edge