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Listing Courtesy of Keller Williams Realty Empire
$ 1,350,000
Est. payment | /mo
10 Beds
6 Baths
5,400 SqFt
$ 1,350,000
Est. payment | /mo
10 Beds
6 Baths
5,400 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $250
Subdivision Bay Ridge
MLS Listing ID RLS11030435
Style Prewar,Walk-Up
Bedrooms 10
HOA Y/N No
Year Built 1915
Annual Tax Amount $21,584
Property Sub-Type Multi Family
Property Description
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.
Location
State NY
County Kings
Interior
Equipment Intercom
Fireplace No
Laundry See Remarks
Exterior
Private Pool No
Building
Dwelling Type Multi Family
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $1, 798
Pets Allowed Building Yes, Yes
RLS Data display by LUXIAN INTERNATIONAL REALTY