This is a rare opportunity to own a mixed-use building on the desirable 5th Avenue in Bay Ridge, Brooklyn. The property features 7 one-bedroom apartments and 1 commercial space, with only one free-market unit and the rest rent-stabilized. The residential units have been beautifully renovated with modern finishes and amenities, and the common areas and utilities have been updated in the last 5 years. The commercial tenant - doctorâ??s office with leases ending in 2024 and 2025, providing stable income and low turnover. The property benefits from a 2B Tax Class that limits tax increases. The location is ideal for residents who want to enjoy the neighborhoodâ??s attractions and parks, such as the Alpine Cinema, Ginoâ??s Restaurant, Lief Erickson Park, McKinley Park and Owlâ??s Head Park, all within a short distance. The property is also well-connected to public transportation, with the Bay Ridge Avenue R train station and the B63 bus route nearby, as well as easy access to major highways like the Gowanus Expressway and Belt Parkway. Donâ??t miss this chance to invest in a turn-key property with strong cash-flow potential on a prime retail corridor.
Details:
Families:
14
Property Type:
Mixed Use
Built:
1907
Financials:
Price:
$2,150,000
RE/MAX Real Estate Professionals Vito Angelo Lic. Real Estate Salesperson Direct: (718)532-2000 Office: 718-532-2000
![[Bay Ridge Real Estate, listing number 7082863]](https://www.vlshomes.com/images/full/7082863a.jpg)
