ID # | 11356884 |
Details | 2 bed, 1 bath, Lot Size: 0.05 acres, Interior: 2480 ft2, 230m2, Building has 3 floors Listing Age: 27 days |
Construction Year | 1909 |
Taxes (per year) | $16,567 |
Broker Website | |
Bus | 1 min to B4 |
2 min to B63 | |
5 min to B70 | |
6 min to B64, B9 | |
9 min to B16, X27, X37 | |
Subway | 2 min to R |
LIRR | 4.5 miles to "Atlantic Terminal" |
5.2 miles to "Nostrand Avenue" | |
Presenting 446 Bay Ridge Parkway on historic Doctor's Row. This is a tremendous value-add opportunity. It is located in one of Brooklyn's most desired neighborhoods, Bay Ridge. The property was originally built as a residential townhouse in 1909. It is currently configured as a commercial building with 3 units. You have the potential to convert the property back to a residential home. Converting the property back to a residential home would match the other buildings on historic Doctors Row. This three-story, three-unit property features two medical offices and one two-bedroom residential unit. The offices are both occupied. The residential unit is vacant, turnkey, and ready for immediate occupancy. The first floor is occupied by a podiatrist. It features a waiting room with a reception area, three exam rooms, lab space, one doctor's office, and storage area. The second floor is occupied by a chiropractor. It is currently configured with an open layout, it has a reception and treatment area which can be divided into separate treatment rooms. This floor has an extension and has two offices. The third floor is a residential unit. It possesses high ceilings, incredible light throughout, and original inlaid wood floors. Renovations to residential in adjacent properties have proven that modest upgrades to floor three would generate a significant revenue increase. This is a versatile asset for a savvy investor seeking to both immediate cash flow and acquire an asset with a huge upside. An owner looking to place their business in the building will be well positioned for a bevy of tax benefits. Conveniently located between the bustling retail corridor of 5th Avenue and densely populated residential buildings along 4th Avenue, the location comes with a strong consumer base nearby. Given the increased overall demand in Bay Ridge for mixed-use properties, 446 Bay Ridge Parkway presents a great opportunity for investors to expand a portfolio or for an end user seeking to stop paying rent and start collecting it. Do not miss out on this exceptional chance to acquire a high-potential asset in a sought-after area. Contact us today to learn more about this incredible investment opportunity. Some images are virtually staged for illustrative purposes.