$1,889,000 $1,890,000
Updated 4 hours ago
Price drop
Bay Ridge, Brooklyn | 74th Street & Bay Ridge Parkway
3,300 Square FeetMixed Use

$1,889,000 $1,890,000
floors / apts3 / 2
Lot Size20'x80'
Built Size20'x55'
ZoneR6B
Building TypeLow-Rise
RE Taxes$11,171
Price Per SF
$572

Property Description

This building Features: 2 Legal Family + 1 Store + Full basement. 1st Fl being used as a Restaurant, Basement has 2 half baths and storage area. 2nd Fl Apt: 3 Bed and 2 Baths 3rd Fl Apt: 3 Bed and 1 Baths Projected income for entire building will be $120,000 yearly, (5% cap rate) with great potential. Conveniently located just minutes from 278 highway, train & Buses, all living facilities systems are within a short distance. Good for end-user or investment. Showing is flexible.

Listing History

Now
05/31/2022
$1,889,000 [-$1,000] [0.1%]
Price Drop by Susana Chen Chong
RE/MAX Real Estate Professionals
05/31/2022
New Agency by Susana Chen Chong
RE/MAX Real Estate Professionals

Building Details

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/2
Learn More About the Building

Contact Agents

Contact Agents

Susana Chen Chong
RE/MAX Real Estate Professionals
Howard Chen
RE/MAX Real Estate Professionals
View this property on the company's website

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 But most of the mansions that once lined Shore Road are long gone and have been replaced by six-story apartment buildings.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.

Similar Listings in Bay Ridge

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: 83697TH