Property Description for 6825 13th Ave
Introducing a unique and excellent investment opportunity with this Four Story â 20 Unit â Mixed-use Apartment Building â Semi-Detached All Brick - situated on a 40 X 100 Lot in the scorching hot, Hi Traffic, Dyker Heights 13th Avenue Location. Constructed in 1931, this building is zoned for both retail and residential use with R6B Zoning and is comprised of 16 Residential Units (3 One Bedrooms â 13 Two Bedrooms) all with only one or two year leases. The Ground Floor features four Commercial Spaces currently occupied. Two commercial spaces have no lease â the other two spaces have leases ended next year. In addition, this sale boasts a recently renewed 20 year Verizon Cell Tower Lease at approx. $5,000 per month â with yearly increases. Building size â 40 x 90 with Full basement and GARAGE. Income approximately $350K per year with OUTRAGEOUS growth potential.
