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  2. 7917 5th Avenue
  • 7917 5th Avenue
  • $ 2,380,000
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209

7917 5th Avenue

Bay Ridge

Building For Sale
$ 2,380,000
Ownership Mixed Use
Lot Size 19'x101'
Status Active
Real Estate Taxes [Per Annum] $ 12,581
ASF/ASM 3,990/371
 

Photos

7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th 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
7917 5th Avenue Bay Ridge Brooklyn NY 11209

Property Description

Rare Opportunity in Prime Bay Ridge, Brooklyn! This one-story, two-family mixed-use building is a must-have in your investment portfolio. All units are currently rented, generating a gross annual income of $134,400, with a 3% yearly increase. The storefront, approximately 2,000 square feet including the ground floor and basement, is currently operating as a liquor store. It comes with a fresh 10-year lease and a 5-year renewal option. The commercial tenant pays $350 quarterly for water and 50% of any annual property tax increases. The second and third floors each feature two-bedroom residential units, both occupied by reliable tenants who consistently pay rent on time. The building was gutted and fully renovated a few years ago at a significant cost to the owner. The net income is approximately $116,000 per year. Ideally located in the heart of Bay Ridge's commercial district, just minutes from the I-278 as well as from the R train, this property offers convenience and strong investment potential. Rent roll and detailed expense information available upon request.
Rare Opportunity in Prime Bay Ridge, Brooklyn! This one-story, two-family mixed-use building is a must-have in your investment portfolio. All units are currently rented, generating a gross annual income of $134,400, with a 3% yearly increase. The storefront, approximately 2,000 square feet including the ground floor and basement, is currently operating as a liquor store. It comes with a fresh 10-year lease and a 5-year renewal option. The commercial tenant pays $350 quarterly for water and 50% of any annual property tax increases. The second and third floors each feature two-bedroom residential units, both occupied by reliable tenants who consistently pay rent on time. The building was gutted and fully renovated a few years ago at a significant cost to the owner. The net income is approximately $116,000 per year. Ideally located in the heart of Bay Ridge's commercial district, just minutes from the I-278 as well as from the R train, this property offers convenience and strong investment potential. Rent roll and detailed expense information available upon request.

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
7917 5th Avenue Bay Ridge Brooklyn NY 11209
7917 5th Avenue Bay Ridge Brooklyn NY 11209

Building Details [7917 5th Avenue]

Ownership Mixed Use
Block/Lot 5981/4
Lot Size 19'x101'

Mortgage Calculator in [US Dollars]

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Loan Amount

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: 493157