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  2. 6903 8th Avenue
  • 6903 8th Avenue
  • $ 1,690,000
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228

6903 8th Avenue

Bay Ridge   |   Bay Ridge Av & 71st St

Building For Sale
$ 1,690,000
Ownership Mixed Use
Lot Size 20'x60'
Status Active
Real Estate Taxes [Per Annum] $ 7,448
Building Size 20'x50'
Year Built 1928
ASF/ASM 2,000/186
 

Photos

6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
6903 8th Avenue Bay Ridge Brooklyn NY 11228

Property Description

Excellent Investment Opportunity on Prime 8th Avenue! This attached mixed-use 1-family property offers stable cash flow and long-term leases, making it an attractive investment opportunity. The property features a 20' × 50' building on a 20' × 60' lot with annual property taxes of $7,448. The 1st floor and finished basement are currently leased to an established hair salon at $2,300/month, with the lease secured through 2029. The commercial tenant is responsible for its own utilities, including water, electricity, gas, and heating, and also pays 30% of the property taxes. The 2nd-floor residential apartment features 3 bedrooms and 1 full bathroom and is occupied by a tenant paying $1,800/month, with a lease secured through 2030. The second-floor tenant is responsible for gas and electric expenses. The property currently generates $4,100/month, or $49,200 in annual gross rental income, with long-term leases providing excellent income stability and reduced vacancy risk. A compelling opportunity for investors seeking dependable rental income and long-term occupancy in a prime 8th Avenue location.
Excellent Investment Opportunity on Prime 8th Avenue! This attached mixed-use 1-family property offers stable cash flow and long-term leases, making it an attractive investment opportunity. The property features a 20' × 50' building on a 20' × 60' lot with annual property taxes of $7,448. The 1st floor and finished basement are currently leased to an established hair salon at $2,300/month, with the lease secured through 2029. The commercial tenant is responsible for its own utilities, including water, electricity, gas, and heating, and also pays 30% of the property taxes. The 2nd-floor residential apartment features 3 bedrooms and 1 full bathroom and is occupied by a tenant paying $1,800/month, with a lease secured through 2030. The second-floor tenant is responsible for gas and electric expenses. The property currently generates $4,100/month, or $49,200 in annual gross rental income, with long-term leases providing excellent income stability and reduced vacancy risk. A compelling opportunity for investors seeking dependable rental income and long-term occupancy in a prime 8th Avenue location.

Listing Courtesy of Tiger Realty

Maria Castellano

License Licensed As: Real Estate Broker/Owner

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
6903 8th Avenue Bay Ridge Brooklyn NY 11228
6903 8th Avenue Bay Ridge Brooklyn NY 11228

Building Details [6903 8th Avenue]

Ownership Mixed Use
Block/Lot 5877/7
Building Size 20'x50'
Zoning R5B
Year Built 1928
Floors 2
Lot Size 20'x60'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

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: 504515