Listed by Ben Bay Realty - Bay Ridge
$1,849,000
7624 5th Avenue
Details
Property Type Retail, Multifamily
Square Footage 3,655
Cap Rate 3.06%
NOI $56,664
Pro-Forma Cap Rate 5.96%
Pro-Forma NOI $110,172
Year Built 1931
Buildings 1
Ground Lease No
Owner-User Retail Opportunity and/or Income Producing Investment
Marketing description
Well maintained mixed-use building (3,655 square feet) in prime Bay Ridge, featuring two 2-bedroom apartments and one retail space. Fully occupied, all tenants are on a month-to-month basis, offering immediate flexibility and upside potential. Projected rents of $3,000/month per apartment and $6,000/month for the store bring total projected annual income to $144,000, with low annual expenses of $29,448. 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!
Investment highlights
- Heavy Foot & Car Traffic
- Public Transportation Accessible (R Train, B63, B4)
- Convenient Shopping
- Neighborhood - Bay Ridge (highly desirable)
Listing Contacts
Listed by Ben Bay Realty - Bay Ridge
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,664.00
$4,722.00/mo
Valuation Metrics
0
DSCR
3.06%
Cap Rate
3.06%
ROI
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