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    7223 5 Avenue

    BROOKLYN, NY 11209
    • $3,200,000
    • STATUS: Active
    • ON SITE: 216 days
    • MLS #: 448549
    UPDATED: 57 min ago
    $3,200,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,800
      SQFT
    • $471
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1928
    Area:

    School Ratings & Info

    Description

    Corner Brick 4 story walk up building with 6 Apartments 4 stores and 1 car garage. Located in the very busy section of Bay Ridge. Well maintained and fully leased 4 apartments has been removed from the stabilization and rented for free market rent, 2 apartments are still stabilized.Building generates $230,000 in gross income and $165,000 NET with over 5% Cap rate and upside potential.

    Monthly Payment Calculator



    © 2021 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2021-09-28T00:00:16.733.
    www.movetonewjersey.com/homes/114440134
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    7223 5 Avenue BROOKLYN, NY 11209

    • Price: $3,200,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 448549
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    6,800
    SQFT
    $471
    $/SQFT
    1928
    Built
    Neighborhood:
    Brooklyn
    County:
    Kings (Brooklyn)
    Area:
    Bay Ridge
    Property Description
    Corner Brick 4 story walk up building with 6 Apartments 4 stores and 1 car garage. Located in the very busy section of Bay Ridge. Well maintained and fully leased 4 apartments has been removed from the stabilization and rented for free market rent, 2 apartments are still stabilized.Building generates $230,000 in gross income and $165,000 NET with over 5% Cap rate and upside potential.
    Exterior Features

    Building Length 85.00 Building Width 20.00 Commercial Features Exterior None Construction Materials Brick Exterior Brick Loading Docks None Lot Dimensions 20X94 Lot Size Length 94 Lot Size Width 20 Parking Attributes Attached Garage Parking Feature Other Road Frontage 20 Roof Rubber Water Front Present No Yard Back

    Interior Features

    Basement Amenities Full Building Footprint Sq Ft 1700 Commercial Features Interior None Flooring CeramicHardwood Foundation Details Stone Heat Delivery Steam/Radiator Lavatories None

    Property Features

    Block 5910 Certificate Of Occupancy YN 1 Commercial Condo 0 Construction Type Semi-Detached Cross Street Name 72nd Street Cross Street Name2 73rd Street Electric Circuit Breakers Financing 1031 ExchangeAssumptionBank MortgageCash Fuel Expense 7555.00 Gross Income 229289 Handicap Access No Heating Fuel Gas Hot Water Gas Insurance Expense 9078.00 Lot Number 1 Lot Size Irregular YN 0 Net Operating Income 165217.00 Number Of Families 6 Number Of Stores 4 Property Sub Type Mixed Use Property Type Mixed Use Sale Type Arm's Length Tax Amount 39896.00 Transaction Type Sale Utility Expense 573.00 Zoning R6b

    Listing information © 2021 Brooklyn New York Multiple Listing Service, Inc.
    Listing provided courtesy of Re/Max Edge.


    © 2021 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2021-09-28T00:00:16.733.
     
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