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  2. 7223 5 Avenue
  • 7223 5 Avenue
  • $ 2,900,000
7223 5 Avenue Bay Ridge Brooklyn NY 11209
7223 5 Avenue Bay Ridge Brooklyn NY 11209
7223 5 Avenue Bay Ridge Brooklyn NY 11209
7223 5 Avenue Bay Ridge Brooklyn NY 11209
7223 5 Avenue Bay Ridge Brooklyn NY 11209
7223 5 Avenue Bay Ridge Brooklyn NY 11209

7223 5 Avenue

Bay Ridge   |   72nd street & 73rd street

Sold
Building For Sale
$ 2,900,000
Ownership Mixed Use
Lot Size 20'x94'
Status Sold
Real Estate Taxes [Per Annum] $ 39,896
Building Size 20'x85'
Year Built 1928
ASF/ASM 6,800/632
 

Photos

7223 5 Avenue Bay Ridge Brooklyn NY 11209
7223 5 Avenue Bay Ridge Brooklyn NY 11209
7223 5 Avenue Bay Ridge Brooklyn NY 11209
7223 5 Avenue Bay Ridge Brooklyn NY 11209

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
7223 5 Avenue Bay Ridge Brooklyn NY 11209

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

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Hardwood Floors
7223 5 Avenue Bay Ridge Brooklyn NY 11209
7223 5 Avenue Bay Ridge Brooklyn NY 11209

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'

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Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
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.
MLSID: 448549