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7129 5th Avenue

BROOKLYN, NY 11209
  • $2,150,000
  • STATUS: Active
  • ON SITE: 129 Days
  • MLS #: 480333
UPDATED: 101 min ago
$2,150,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,800
    SQFT
  • $448
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1907
Area:

School Ratings & Info

Description

This is a rare opportunity to own a mixed-use building on the desirable 5th Avenue in Bay Ridge, Brooklyn. The property features 7 one-bedroom apartments and 1 commercial space, with only one free-market unit and the rest rent-stabilized. The residential units have been beautifully renovated with modern finishes and amenities, and the common areas and utilities have been updated in the last 5 years. The commercial tenant - doctors office with leases ending in 2024 and 2025, providing stable income and low turnover. The property benefits from a 2B Tax Class that limits tax increases. The location is ideal for residents who want to enjoy the neighborhoods attractions and parks, such as the Alpine Cinema, Ginos Restaurant, Lief Erickson Park, McKinley Park and Owls Head Park, all within a short distance. The property is also well-connected to public transportation, with the Bay Ridge Avenue R train station and the B63 bus route nearby, as well as easy access to major highways like the Gowanus Expressway and Belt Parkway. Dont miss this chance to invest in a turn-key property with strong cash-flow potential on a prime retail corridor.

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© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2024-07-13T14:00:24.107.
www.theteampagano.com/homes/148296329
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7129 5th Avenue BROOKLYN, NY 11209

  • Price: $2,150,000
  • Status: Active
  • On Site: 129 Days
  • Updated: 101 min ago
  • MLS #: 480333
0
Beds
0
Baths
0
½ Baths
0.05
Acres
4,800
SQFT
$448
$/SQFT
1907
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Bay Ridge
Property Description
This is a rare opportunity to own a mixed-use building on the desirable 5th Avenue in Bay Ridge, Brooklyn. The property features 7 one-bedroom apartments and 1 commercial space, with only one free-market unit and the rest rent-stabilized. The residential units have been beautifully renovated with modern finishes and amenities, and the common areas and utilities have been updated in the last 5 years. The commercial tenant - doctors office with leases ending in 2024 and 2025, providing stable income and low turnover. The property benefits from a 2B Tax Class that limits tax increases. The location is ideal for residents who want to enjoy the neighborhoods attractions and parks, such as the Alpine Cinema, Ginos Restaurant, Lief Erickson Park, McKinley Park and Owls Head Park, all within a short distance. The property is also well-connected to public transportation, with the Bay Ridge Avenue R train station and the B63 bus route nearby, as well as easy access to major highways like the Gowanus Expressway and Belt Parkway. Dont miss this chance to invest in a turn-key property with strong cash-flow potential on a prime retail corridor.
Exterior Features

Building Length 60.00 Building Width 20.00 Commercial Features Exterior Other Construction Materials Brick Exterior Brick Loading Docks None Lot Size Length 100 Lot Size Width 20 Parking Attributes Other Parking Feature Street Roof Other Yard Other

Interior Features

Basement Amenities Walk-in Building Footprint Sq Ft 1200 Commercial Features Interior Other Flooring Hardwood Foundation Details Poured Concrete Heat Delivery Steam/Radiator Lavatories 4+

Property Features

ACUnits 0 Block 5893 Commercial Condo 0 Construction Type Attached Cross Street Name Ovington Ave Cross Street Name2 72nd St Electric 220 V Financing 1031 ExchangeBank MortgageCash Heating Fuel Gas Hot Water Gas Lot Number 2 Lot Size Irregular YN 0 Number Of Families 14 Number Of Stores 2 Property Sub Type Mixed Use Property Type Mixed Use Sale Type Arm's Length Tax Amount 24122.00 Transaction Type Sale Zoning R6B

Listing information © 2024 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of RE/MAX Real Estate Professiona: (718) 532-2000.


© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2024-07-13T14:00:24.107.
 
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