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$ 1,988,000
Est. payment | /mo
9 Beds
6 Baths
4,824 SqFt
$ 1,988,000
Est. payment | /mo
9 Beds
6 Baths
4,824 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,824 sqft
Price per Sqft $412
MLS Listing ID 497075
Bedrooms 9
Full Baths 5
Half Baths 1
Annual Tax Amount $17,632
Property Sub-Type Multi-Family
Property Description
Prime 5-Family Investment Property For Sale! Exceptional investment opportunity in the heart of Bay Ridge. This fully renovated 3-story, 5-family building with a finished basement, sits on a large 26.67x100 lot with a large building size of 26.67x60. All apartments are spacious, and beautifully updated —no renovation needed, completely turn-key and ready for investors. 2-3 UNITS CAN BE DELIVERED VACANT. Separate boilers and hot water heaters; Tenants pay for their own gas, heating, and electricity. The property offers strong existing income with a current cap rate of 5.3% and excellent upside potential to reach 7.71%. Conveniently located just a few minutes' to Fort Hamilton Parkway, close to all daily necessities including supermarkets, restaurants, and shops. The B70 and B4 buses are located nearby for easy and convenient transportation. A rare chance to own a high-performing, low-maintenance building in one of Brooklyn's most desirable neighborhoods, ideal for investors seeking stability and long-term returns.
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning R4-1
Rooms
Basement Finished, Full
Interior
Hot Water Hot Water Coil in Boiler
Heating Other
Flooring Hardwood
Heat Source Other
Exterior
Exterior Feature Other
Amenities Available NONE
Roof Type Other
Handicap Access Unknown
Building
Story 3
Foundation Other
Others
Energy Description Other
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Fang Fang Realty Inc
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