Bay Ridge | 4th Avenue & 5th Avenue
- $ 1,260,000
- 10 Bedrooms
- 6 Bathrooms
- Low-RiseBuilding Type
- 5,400 Approx. SF
- Details
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- Income PropertyOwnership
- $ 21,584Anual RE Taxes
- 20'x90'Building Size
- 20'x115'Lot Size
- 1915Year Built
- ActiveStatus
- Description
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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). Projected income upon new lease signing is $145,729, bringing CAP to 8%. 11 total bedrooms, 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
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). Projected income upon new lease signing is $145,729, bringing CAP to 8%. 11 total bedrooms, 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
Listing Courtesy of Keller Williams Realty Empire
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- Features
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- A/C
- Outdoor Parking
- Stoop Entry
- Close details -
- Contact
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William Abramson
License Licensed As: William D. AbramsonDirector of Brokerage, Licensed Associate Real Estate Broker
W: 646-637-9062
M: 917-295-7891
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