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Two Family House for Sale in Bay Ridge, Brooklyn, NY 11209 | Web ID: 493157 | $2,380,000

Two Family in Bay Ridge - 5th  Brooklyn, NY 11209Two Family 5th  Brooklyn, NY 11209, MLS-493157-2Two Family 5th  Brooklyn, NY 11209, MLS-493157-3Two Family 5th  Brooklyn, NY 11209, MLS-493157-4Two Family 5th  Brooklyn, NY 11209, MLS-493157-5Two Family 5th  Brooklyn, NY 11209, MLS-493157-6Two Family 5th  Brooklyn, NY 11209, MLS-493157-7Two Family 5th  Brooklyn, NY 11209, MLS-493157-8

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Two Family 5th  Brooklyn, NY 11209, MLS-493157-8
Two Family 5th  Brooklyn, NY 11209, MLS-493157-8
Two Family 5th  Brooklyn, NY 11209, MLS-493157-8
Two Family 5th  Brooklyn, NY 11209, MLS-493157-8
Two Family 5th  Brooklyn, NY 11209, MLS-493157-8
Two Family 5th  Brooklyn, NY 11209, MLS-493157-8
Two Family 5th  Brooklyn, NY 11209, MLS-493157-8
Two Family 5th  Brooklyn, NY 11209, MLS-493157-8

AGENT CONTACTS

Citizens International Realty

718-282-6400

718-282-4767

cir@citizensintlrealty.com

Property Description

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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  • Brooklyn, NY Office: 3017 Beverly Rd, Brooklyn, NY 11226
  • Atlanta, GA Office: 5107 Covington Hwy, Decatur, GA 30035
  • Email: cir@citizensintlrealty.com
  • Phone: 718-282-6400
  • Fax: 718-282-4767
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