$1,600,000
Updated 4 years ago
Off Market

475 80th Street

Bay Ridge, Brooklyn | 4th Ave & 5th Ave

17 Rooms8 Beds2 Baths2,302 Square FeetMulti-Family

$1,600,000
floors / apts2 / 2
Lot Size40'x100'
Built Size20'x62'
ZoneR6B
Building TypeTownhouse
RE Taxes$9,140
Price Per SF
$695

Outdoor space and views

  • Backyard
  • Patio

Building Amenities

  • Voice Intercom
  • Garage
  • Sprinkler System

Property Description for 475 80th Street

Prime Bay Ridge/ 4 Avenue & 80 Street Income producer Legal 2 family Semi Attached BRICK 1st floor & 2nd floor currently rented to established Day Care with 6 over 6 1/2 room (3 bedrooms over 3 bedrooms with large living room, Formal Dining room, Modern Eat in Kitchen each floor) 1st floor used as day care with 2 patio & backyard & 2nd floor 3 bedroom apartment (Building size 20 x 62 approx 1,200 each floor) with patio over 2 garage. Tenant 1st floor day care & 2nd floor pay $ 6,000 a month (electric & cooking gas & own insurance) plus $ 200.00 each year (4 years left on lease) & over $100.00 w/s tenant pays! Owner pays heat & Hot water. walk in basement fully newly renovated has large family room plus 2 separate storage room & bath h/up plus boiler room & utility room & separate front entrance (rented for $ 1,000 a month as storage room)! 2 car garage (800 sq ft) rented for $ $ 1,000 a month No lease) Entire property newly renovated & gutted in 2010 with new roof, floors,walls, patio, Gas boiler & HWH & much more - Nothing to do but MOVE In & start collecting rent. $ 96,000 yearly income Cap rate of 5% plus projected more!Market value!Lot size 40 x 100 on irregular L shape zone R6B, R3X, C1-3, BR FAR as built 1.15 i Allowed usable floor area 4,000 Usable floor area as built 2,300 Unused FAR 1,700 which you can built Even convert 2 car garages to storefront Zone C1-3 or built above garage additional office/ room & more! Right of 4 Avenue business district with low tax class 1! Great opportunity! Train a few blocks away & all buses shopping, restaurant row & much more! Call for details!

Video Walkthrough


Listing History for 475 80th Street

Now
12/26/2022
POM by Jean-Paul Ho
Brooklyn Real Property Inc.
10/03/2022
Back on the Market by Jean-Paul Ho
Brooklyn Real Property Inc.

Building Details for 475 80th Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

77 St
0.24 miles
86 St
0.32 miles

Citi Bike

79 St & 5 Ave
0.06 miles
4 Ave & 81 St
0.12 miles

Contact Agents

Contact Agents

Jean-Paul Ho
Brooklyn Real Property Inc.
Siu Yee Shum
Brooklyn Real Property Inc.

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: 86259TH