Donâ??t miss this rare opportunity to own a well-maintained, cash-producing mixed-use 5-family building in the heart of Bath Beach. This non-stabilized, free-market property offers excellent investment potential with strong income and flexibility. The building features one ground-floor commercial unit currently operating as a salon (with 2 years remaining on the lease) and 5 residential units in great condition â?? including 4 spacious 1-bedroom apartments and one 2-bedroom unit. All tenants are reliable, and none of the units are rent-stabilized or under lease, providing maximum rental flexibility.Building Size: 22 ft Ã? 82 ft, Lot Size: 22 ft Ã? 100 ft; Gross Annual Income: Approx. $153,600; Net Operating Income (NOI): Approx. $116,135; Annual Insurance: $8,000; Total Expenses: Approx. $37,465. All residential units have been renovated within the past 5 years, featuring high ceilings and excellent overall condition. it`s Just minutes from bus stops, the D train, the vibrant 86th Street shopping corridor, and with easy access to the Belt Parkway â?? making this a truly convenient and desirable investment opportunity!
Details:
Families:
5
Property Type:
Mixed Use
Built:
1945
Financials:
Price:
$2,190,000
Tiger Realty Emily Hui Chen-liang Office: (917)708-9966
provided by Brooklyn NY MLS
![[Bath Beach Real Estate, listing number 3321429]](https://www.vlshomes.com/inlines/nophoto_480.jpg)