Description
Prime Bay Ridge mixed-use investment opportunity! This three-story building features one commercial storefront, two residential units, and a full finished basement, with R6B zoning and a C1-3 commercial overlay. The second floor offers a spacious 3-bedroom, 1-bath apartment, while the third floor features a 2-bedroom, 1-bath unit.The commercial storefront and second-floor residential unit are currently vacant, offering an excellent opportunity for an investor or owner-user to lease at current market rents. The ground-floor commercial space and second-floor unit have both been recently renovated.With projected annual rental income of over $130,000 and a potential cap rate exceeding 5.8%, this property offers strong income potential in a desirable Bay Ridge location. Conveniently situated near shopping, dining, transportation, and neighborhood amenities.Please be advised that the Listing Agent is also the owner of the property. Contact the Listing Agents for additional information and financial details.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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3,120SQFT
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$605$/SQFT
School Ratings & Info
Description
Prime Bay Ridge mixed-use investment opportunity! This three-story building features one commercial storefront, two residential units, and a full finished basement, with R6B zoning and a C1-3 commercial overlay. The second floor offers a spacious 3-bedroom, 1-bath apartment, while the third floor features a 2-bedroom, 1-bath unit.The commercial storefront and second-floor residential unit are currently vacant, offering an excellent opportunity for an investor or owner-user to lease at current market rents. The ground-floor commercial space and second-floor unit have both been recently renovated.With projected annual rental income of over $130,000 and a potential cap rate exceeding 5.8%, this property offers strong income potential in a desirable Bay Ridge location. Conveniently situated near shopping, dining, transportation, and neighborhood amenities.Please be advised that the Listing Agent is also the owner of the property. Contact the Listing Agents for additional information and financial details.
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