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$ 1,999,000
Est. payment /mo
Active
7907 5th AVE Brooklyn, NY 11209
3,135 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,135 sqft
Price per Sqft $637
MLS Listing ID 504659
Year Built 1931
Annual Tax Amount $13,907
Property Sub-Type Mixed Use
Property 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!
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning R6B
Rooms
Basement Unfinished
Interior
Interior Features Fire - Smoke Alarm, Heated
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood, Linoleum
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 3
Foundation Poured Concrete, Stone
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Ben Bay Realty Co of Bay Ridge
Nearby Locations
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