Bay Ridge Real Estate

126 Gatling Place, Bay Ridge, NY 11209

[Bay Ridge Real Estate, listing number 3345101]
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Description: 3345101
   Rare opportunity to own a one-of-a-kind 8-family building in prime Bay Ridge! Built in 2008, this elevated building sits on an oversized 55` Ã? 125` lot with a massive 40` Ã? 86` building. Features 8 spacious 2-bedroom apartments, including 2 duplex units, for a total of 16 bedrooms and 16 full bathrooms. Each apartment offers a living/dining area, modern kitchen with island, primary suite with full bath, hardwood and tile floors, sliding doors to a private balcony, and oversized windows for abundant natural light. This well-maintained building includes 4 front balconies, 2 side balconies, 4 rear balconies, elevator, intercom system, security cameras, laundry room, separate storage room for every tenant, and separate gas boilers and water heaters for each unit. A 15-foot private driveway provides one dedicated parking space for each apartment. Current annual rental income is approximately $255,000 with excellent upside potential. Conveniently located near the R train, express buses to Manhattan, Belt Parkway, Shore Road Promenade, parks, shopping, restaurants, and all the neighborhood amenities Bay Ridge has to offer. A truly unique investment property that rarely comes to market.

Details:
   Families: 8
   Bedrooms: 16
   Bathrooms: 16
   Property Type: Multi-Family
   Rooms: 32
   Built: 2008

Financials:
   Price: $3,800,000

 

RE/MAX Edge
Jason Zhou
Office: (718)612-3088

email: jasonzhourealty@gmail.com
provided by Brooklyn Bd of Realtors