Rare Opportunity In Prime Bay Ridge, Brooklyn!
This One-story, Two-family Mixed-use Building Is A Must-have In Your Investment Portfolio. All Units Are Currently Rented, Generating A Gross Annual Income Of $134, 400, With A 3% Yearly Increase.
The Storefront, Approximately 2, 000 Square Feet Including The Ground Floor And Basement, Is Currently Operating As A Liquor Store. It Comes With A Fresh 10-year Lease And A 5-year Renewal Option. The Commercial Tenant Pays $350 Quarterly For Water And 50% Of Any Annual Property Tax Increases.
The Second And Third Floors Each Feature Two-bedroom Residential Units, Both Occupied By Reliable Tenants Who Consistently Pay Rent On Time.
The Building Was Gutted And Fully Renovated A Few Years Ago At A Significant Cost To The Owner. The Net Income Is Approximately $116, 000 Per Year.
Ideally Located In The Heart Of Bay Ridge's Commercial District, Just Minutes From The I-278 As Well As From The R Train, This Property Offers Convenience And Strong Investment Potential.
Rent Roll And Detailed Expense Information Available Upon Request.
Property Information
Location/Town
Bay Ridge
Area/County
Brooklyn
Prop. Type
Two Family House for Sale
Style
Attached
Tax
$12,581.00
SqFt
3,990
# of Cars
Other
Basement
Finished, Full
Exterior
Brick
Roof
Flat
Construction
Brick
Foundation
Block
Yard
None
Insurance/Year
$0.00
Lot SqFt
1,933
Fuel/Year
$4,000.00
Heat
Ductless/Split, Hot
Electric
220 V
Roof
Flat
Lavatories
3
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MORTGAGE CALCULATOR
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