7127 5th AVE Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11209
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 48 sqft
Price per Sqft $44,791
MLS Listing ID 480277
Year Built 1907
Annual Tax Amount $23,491
Property Sub-Type Mixed Use
Property Description
This is a rare opportunity to own a mixed-use building on the desirable 5th Avenue in Bay Ridge, Brooklyn. The property features 7 one-bedroom apartments and 1 commercial space, with only one free-market unit and the rest rent-stabilized. The residential units have been beautifully renovated with modern finishes and amenities, and the common areas and utilities have been updated in the last 5 years. The commercial tenant - doctor's office with leases ending in 2024 and 2025, providing stable income and low turnover. The property benefits from a 2B Tax Class that limits tax increases. The location is ideal for residents who want to enjoy the neighborhood's attractions and parks, such as the Alpine Cinema, Gino's Restaurant, Lief Erickson Park, McKinley Park and Owl's Head Park, all within a short distance. The property is also well-connected to public transportation, with the Bay Ridge Avenue R train station and the B63 bus route nearby, as well as easy access to major highways like the Gowanus Expressway and Belt Parkway. Don't miss this chance to invest in a turn-key property with strong cash-flow potential on a prime retail corridor.
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning R6B
Rooms
Basement Walk-in
Interior
Interior Features Other
Hot Water Gas
Heating Gas
Flooring Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash