861 Bay Ridge Avenue , #7

Description

THIS UNIT IS PART OF A BULK SALE, BUT MAY BE PURCHASED INDIVIDUALLY. Newly renovated, spacious 1138 sq. ft. units with 3 bedrooms and modern 1.75 baths. Eat-in kitchen with stainless appliances (dishwasher, microwave, stove), new cabinets, and granite countertops. Lots of closets and hardwood floors throughout. Includes one compact outdoor parking space and one large private basement storage room. Unit has a balcony with a view of the Verrazzano-Narrows Bridge. Separate gas heating and sleeve air conditioner. Tenants pay all utilities. Shared laundry facilities in basement. Conveniently located near mass transit, shopping, and restaurants. Monthly common charges are $475 per unit. This unit is currently occupied by a tenant with a lease expiring 3/31/21. Bulk Sale Info: Bulk purchase allows for control of the condo board. Building is located on 2 lots. Built in 1996, 4 story walkup, 8 unit condo building. Each unit comes with a compact, outdoor parking space. and one private, locked storage room in the basement. All except ground-floor unit have a balcony. There are shared/communal laundry facilities in the basement, but washers/dryers are not permitted in the units. Approximate annual gross income potential is $180,000. Excellent opportunity for 1031 exchange. INVESTORS DELIGHT!