Sunset Park Real Estate

7907 5th Avenue, Bay Ridge, NY 11209

[Bay Ridge Real Estate, listing number 3351223]



Description: 3351223
   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 Brooklynâ??s most sought-after neighborhoods. Sellers are motivated, present all offers!

Details:
   Families: 2
   Property Type: Mixed Use
   Built: 1931

Financials:
   Price: $1,999,000

 

Ben Bay Realty Co of Bay Ridge
John Koulouroudis
Office: (718)238-6080

provided by Brooklyn Bd of Realtors