ID # | RLS11030435 |
Details | 10 bed, 6 bath, Interior: 5400 ft2, 502m2, Building has 3 floors (DOM): 2 days |
Construction Year | 1915 |
Taxes (per year) | $21,584 |
Bus | 1 min: B64, B70, B9 |
2 min: B63 | |
4 min: X27, X37 | |
7 min: B4 | |
Subway | 1 min: R |
10 min: N | |
LIRR | 4.1 miles: "Atlantic Terminal" |
4.9 miles: "Nostrand Avenue" | |
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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.
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