Bay Ridge Real Estate

475 80 Street, Bay Ridge, NY 11209

[Bay Ridge Real Estate, listing number 6947135]



Description: 6947135
   Prime Bay Ridge/ 4 Avenue & 80 Street Income producer Legal 2 family Semi Attached BRICK 1st floor & 2nd floor currently rented to established Day Care with 6 over 6 1/2 room (3 bedrooms over 3 bedrooms with large living room, Formal Dining room, Modern Eat in Kitchen each floor) 1st floor used as day care with 2 patio & backyard & 2nd floor 3 bedroom apartment (Building size 20 x 62 approx 1,200 each floor) with patio over 2 garage. Tenant 1st floor day care & 2nd floor pay $ 6,000 a month (electric & cooking gas & own insurance) plus $ 200.00 each year (4 years left on lease) & over $100.00 w/s tenant pays! Owner pays heat & Hot water. walk in basement fully newly renovated has large family room plus 2 separate storage room & bath h/up plus boiler room & utility room & separate front entrance (rented for $ 1,000 a month as storage room)! 2 car garage (800 sq ft) rented for $ $ 1,000 a month No lease) Entire property newly renovated & gutted in 2010 with new roof, floors,walls, patio, Gas boiler & HWH & much more - Nothing to do but MOVE In & start collecting rent. $ 96,000 yearly income Cap rate of 5% plus projected more!Market value!Lot size 40 x 100 on irregular L shape zone R6B, R3X, C1-3, BR FAR as built 1.15 i Allowed usable floor area 4,000 Usable floor area as built 2,300 Unused FAR 1,700 which you can built Even convert 2 car garages to storefront Zone C1-3 or built above garage additional office/ room & more! Right of 4 Avenue business district with low tax class 1! Great opportunity! Train a few blocks away & all buses shopping, restaurant row & much more! Call for details!

Details:
   Families: 2
   Bedrooms: 8
   Bathrooms: 3
   Property Type: Multi-Family
   Rooms: 17
   Lot Size: 800
   Built: 1925

Financials:
   Price: $1,800,000

 

BRP Associates Inc
Jean Paul Ho
Office: (718)713-6888

email: jphore8888@aol.com
provided by Brooklyn Bd of Realtors


 

Brooklyn Real Property Inc.
Siu Y Shum
Direct: (718)875-8899
Office: (718)713-6888

provided by Brooklyn Bd of Realtors