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 | 1 |
| 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 | |
Mortgage Calculator
Note: web mortgage-calculator is a sample only; for actual mortgage calculation contact your mortgage provider