7223 5 Avenue
Bay Ridge | 72nd street & 73rd street
Ownership
Mixed Use
Lot Size
20'x94'
Status
Contract Out
Real Estate Taxes
[Per Annum]
$ 39,896
Building Size
20'x85'
Year Built
1928
ASF/ASM
6,800/632
Property Description
Corner Brick 4 story walk up building with 6 Apartments 4 stores and 1 car garage. Located in the very busy section of Bay Ridge. Well maintained and fully leased 4 apartments has been removed from the stabilization and rented for free market rent, 2 apartments are still stabilized.
Building generates $230,000 in gross income and $165,000 NET with over 5% Cap rate and upside potential.
Corner Brick 4 story walk up building with 6 Apartments 4 stores and 1 car garage. Located in the very busy section of Bay Ridge. Well maintained and fully leased 4 apartments has been removed from the stabilization and rented for free market rent, 2 apartments are still stabilized.
Building generates $230,000 in gross income and $165,000 NET with over 5% Cap rate and upside potential.
Listing Courtesy of RE/MAX Edge
Care to take a look at this property?
Apartment Features
Exposed Bricks
Hardwood Floors
Building Details [7223 5 Avenue]
Ownership
Mixed Use
Block/Lot
5910/1
Building Size
20'x85'
Zoning
R6B
Year Built
1928
Floors
4
Lot Size
20'x94'
Mortgage Calculator in [US Dollars]
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
