Courtesy of: John Koulouroudis, Ben Bay Realty Co of Bay Ridge, jkoudis1@gmail.com
Courtesy of: John Koulouroudis, Ben Bay Realty Co of Bay Ridge, jkoudis1@gmail.com
$1,999,000
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3,135 square feet
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Lot: 0.04 Acres
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Other
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$1,999,000
7907 5th Avenue Well maintained mixed-use building (3, 135 square feet) in prime Bay Ridge, featuring Two 2-bedroom Apartments and One Retail space. Fully occupied, Tenant Lease Expiration Dates are as follows: 2nd FL Apt 05/31/27; 3rd FL Apt 05/31/28; Ground Floor Retail 12/31/26. This Investment Opportunity offers some flexibility with High Upside Potential. Projected rents are: Retail 5, 500/month, 2nd FL Apt $3, 000/month, 3rd FL apt $2, 900 bring total projected annual income to $136, 800, with low annual expenses of $28, 307. Potential NOI is $108, 493. Located in a high foot and car traffic corridor, just minutes away from the R train and a short distance to the B63 bus and B4 bus, this property offers strong income potential in one of Brooklyn's most sought-after neighborhoods. Sellers are motivated, present all offers!
Courtesy of: John Koulouroudis, Ben Bay Realty Co of Bay Ridge, jkoudis1@gmail.com
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