Updated 23 days ago
In contract
64 Views
Bay Ridge, Brooklyn | 72nd Street & 73rd Street
6,787 Square FeetIncome Property

$2,625,000
floors / apts4 / 6
Lot Size26'x100'
ZoneR6B
Building TypeLow-Rise
RE Taxes$28,913
Price Per SF
$387

Building Amenities

  • Voice Intercom

Property Description

Excellent Mixed Use Investment Opportunity In Prime Bay Ridge, Brooklyn, Situated On A Bustling 3rd Ave With A Plethora Of Restaurants, Coffee Shops, Grocery Stores And Less Than 4 Blocks To The Bay Ridge Ave (R) Train. This 4-Story Brick Building Rests On A 26.67' X 100' Lot And Consists Of 2 Commercial Units On The First Floor With A Full Basement, Plus 6 Two-Bedroom Residential Units On The Top 3 Floors. Total Building Area Is Approximately 6,787 Gross Sf And Zoned R6B/C1-3. Est. Cap Of 5.25%

Listing History

Now
05/04/2022
Contract Signed by Raymond Mo
Keller Williams Realty Landmark II
05/04/2022
$2,625,000
Initial Price by Raymond Mo
Keller Williams Realty Landmark II

Building Details

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts4/6
Learn More About the Building

Contact Agent

Contact Agent

Licensed As
Raymond Mo
Salesperson
License#:
10401265094
Company:
Keller Williams Realty Landmark II
Raymond Mo
Keller Williams Realty Landmark II
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 But most of the mansions that once lined Shore Road are long gone and have been replaced by six-story apartment buildings.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: 85492TH