12 Bay 50th Street

7% Cap Return Mixed-use building with 1 store and 4 families in Bath Beach/Gravesend. Apartments may deliver vacant! This 3-story 20x60 built attached brick on 20x100 lot has 2BR+1BR over 3BR 2BTH with laundry in the unit over 2BR with private backyard+300SF store with 1/4 bath, full basement with backyard access. The entire building has been gut renovated in 2018 with new plumbing, new electricity, new heating units, and a new roof. Total 5 gas meters, 6 electric meters. Great investment property with a project $110K+ income, the owner is paying only water, insurance, and property tax($14006). Must purchase with the land(20*96.67, R5) in the back of the building (39 bay 49th st) together. The asking price of the vacant land is an additional 350k(property tax$2032).