![[Bay Ridge Real Estate, listing number 7292700]](https://www.vlshomes.com/images/full/7292700a.jpg)
| Description: 7292700 | |
| Excellent investment opportunity to own a mixed-use building featuring 5 residential units plus 1 commercial storefront in a high-traffic location. Renovated in 2016 and maintained in excellent condition, this income-producing property consists of an established nail salon on the ground floor along with five residential apartments featuring a mix of 1-bedroom and 2-bedroom layouts. The property offers strong in-place income, making this an attractive opportunity for investors seeking strong cash flow and long-term appreciation. The commercial tenant contributes part of the real estate taxes. Apartments feature updated kitchens and bathrooms, spacious layouts, and excellent natural light. Separate gas and electric meters provide added efficiency and convenience. The building also includes a large, clean basement with updated mechanicals and ample storage space. Located in Bay Ridge surrounded by supermarkets, restaurants, banks, and everyday conveniences. Easy access to transportation including the N/R subway lines and B16/B70 bus routes with convenient access to Manhattan and Downtown Brooklyn. Ideal for investors, end users seeking supplemental income, or a 1031 exchange buyer. Rare opportunity to acquire a turnkey mixed-use asset. All offers submitted with mortgage pre approval and/or proof of funds. | |
Details: |
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| Families: | 6 | |
| Property Type: | House | |
| Acres: | 0.04 | |
| Built: | 1925 | |
| School District: | Contact Agent | |
Financials: |
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| Price: | $2,380,000 | |
| Taxes: | $25,835 | |
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