$2,400,000 $2,500,000
Updated 12 hours ago
Price drop
Bay Ridge, Brooklyn | 68th Street & Bay Ridge Ave
16 Rooms7 Beds5 Baths3,410 Square FeetMixed Use

$2,400,000 $2,500,000
floors / apts3 / 3
Lot Size20'9"x82'6"
Built Size20'9" wide
ZoneR7B
Building TypeLow-Rise
RE Taxes$14,888
Price Per SF
$704

Building Amenities

  • Voice Intercom

Property Description

Introducing an amazing opportunity to own a mixed-use property located in the heart of Bay Ridge, Brooklyn. The first level features a store and it is currently being used as a deli. The store has a lease of $5,000 and pays half 50%of the property with 5 years left. The second level features 3 bedrooms, a full bathroom, a living room, a dining room, and a kitchen. The second floor is being rented out for $2,900. The third level features 2 apartment units. Each unit consists of 2 bedrooms, 2 full bathrooms, a living room, a dining room, and a kitchen. The front apartment is being rented out for $1,800 and the rear apartment is being rented out for $1,700. The property is located right on the busy 4th Avenue featuring an abundance of public transportation and foot traffic.

Listing History

Now
03/07/2023
$2,400,000 [-$100,000] [4%]
Price Drop by Guang Qing Lin
Momentum Real Estate
02/08/2023
$2,500,000 [-$99,000] [3.8%]
Price Drop by Guang Qing Lin
Momentum Real Estate

Building Details

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Bay Ridge Av
0.02 miles
77 St
0.38 miles

Contact Agents

Contact Agents

Guang Qing Lin
Momentum Real Estate
WaiPing Chan
Momentum Real Estate
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.

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: 88812TH