Property Details

Overview

Bay Ridge All-Brick 6-family asset. Fully tenanted, the owner-occupied 2-bedroom will be delivered vacant. Upside potential offers the opportunity for growing returns; all current 2-year leases are set to expire on 9/30/25. The building is 20’ x 90’ on a 114 ft lot zoned R7B. Well-maintained, with 5, 400 interior sq. ft. located in prime Northern Bay Ridge near shopping, dining, and multiple transportation options. Current RR is $123, 421/yr, with total expenses of $34, 084 (current CAP 6.6). Projected income upon new lease signing is $145, 729, bringing CAP above 8%. 11 total bedrooms and 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.