$3,488,000
Updated 11 years ago
Off Market

8614 5th Ave

Bay Ridge, Brooklyn | 85th Street & 86th Street

14 Rooms6 Beds4.5 Baths6,003 Square FeetIncome Property

$3,488,000
floors / apts3 / 4
Lot Size24'1"x93'1"
Built Size23'x87'
ZoneC4-2A
Building TypeLow-Rise
RE Taxes$25,376
Price Per SF
$581

Building Amenities

  • Wheelchair Access

Property Description for 8614 5th Ave

RELEASE FROM EXCLUSIVE FANTASTIC INVESTMENT PROPERTY IN THE HEART OF THE BUSY 86TH ST/5 AVE COMMERCIAL DISTRICT. RENOVATED PROPERTY WITH EXCELLENT RENT ROLL, BORDERS CENTURY 21 DEPARTMENT STORE. UPDATED APARTMENTS WITHOUT LEASES. STORE HAS A LONG LEASE WITH A NATIONAL TENANT. MONTHLY INCOME OF $15K PLUS.

Building Details for 8614 5th Ave

OwnershipIncome Property
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

86 St
0.13 miles
Bay Ridge-95 St
0.39 miles

Citi Bike

5 Ave & 88 St
0.08 miles
4 Ave & 87 St
0.11 miles

Contact Agent

Contact Agent

Michael Afanasyev
Exit Realty Today

Bay Ridge | Brooklyn

Lush front yards and trimmed hedges are pretty common in Bay Ridge.

Quick Profile

Bay Ridge is an old-world neighborhood neatly tucked into the southwest corner of Brooklyn within the shadows of the Verrazano Bridge. The neighborhood is encircled by the Belt Parkway along the shore line and the Gowanus Expressway inland.

Bay Ridge, long known for its generational pull, has historically been home to a diverse number of ethnic groups. While the area is flush with people of Irish, Italian and Greek descent, these ethnic communities have been joined by larger numbers of new groups, including people with Russian, Polish, Asian and Middle Eastern backgrounds. The Arab American community today in Bay Ridge represents the largest concentration of Arab Americans in New York City.

For many years, Bay Ridge and its waterside location, would attract the affluent. But most of the mansions that once lined Shore Road are long gone and have been replaced by six-story apartment buildings.  

Aside from the low-rise apartment buildings, the neighborhood pretty much consists of one and two-family homes. Lush front yards and trimmed hedges are pretty common here.  

Current zoning and limitations on building heights restrict any out of the norm development. At present, the future beholds small development on some of the commercial strips and teardowns of older homes for smaller residential projects.

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.
OLR ID: 54881TH