$1,299,000
Updated 3 years ago
Off Market

247 Senator Street

Bay Ridge, Brooklyn | Ridge Blvd & Ridge Blvd

Multi-Family

$1,299,000
floors / apts3 / 6
Lot Size20'x103'
Built Size20'x74'
ZoneR5B
Building TypeTownhouse
RE Taxes$14,516

Outdoor space and views

  • South Exposure
  • West Exposure

Building Amenities

  • Voice Intercom
  • Stoop Entry

Property Description for 247 Senator Street

Remarks: Situated on a quiet a block 247 Senator Avenue is a 6 Family Building For Sale in the neighborhood area of Bay Ridge. 5 of the 6 units are currently being occupied at the moment with a leases registered with the city. 1 unit is in the process of being flipped to becoming Rent Stabilized as the former tenant that resided in the Rent Controlled unit is no longer occupying it. The bones of the building are in great shape. Heating system is modern and fully functional with no issues. The roof has recently been repaired a few years ago with no foreseen issues any time soon. The condition of the units are in good condition except for 1 that hasn't been renovated for years. The building is located next to parks, well performing schools, the R Train and multiple MTA Bus services. The Financials of the building are as follows: Current GCI: $86,904, Current Total Annual Expenses: $27,668 and Current NOI: $59236. This would be a great addition to any investors' real estate investment portfolio. Come capitalize on this opportunity before it's gone.

Listing History for 247 Senator Street

Now
12/08/2022
POM by Andrew Chen
RE/MAX Edge
12/05/2022
$1,189,000 [-$6,000] [0.5%]
Price Drop by Andrew Chen
RE/MAX Edge

Building Details for 247 Senator Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1906
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Bay Ridge Av
0.26 miles

Citi Bike

3 Ave & Wakeman Pl
0.1 miles
Wakeman Pl & Ridge Blvd
0.11 miles

Contact Agent

Contact Agent

Licensed As
Louis M. Guida
Salesperson
License#:
10401294496
Company:
Keller Williams Realty Empire
Louis Guida
Keller Williams Realty Empire

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: 60729TH