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$ 2,599,000
Est. payment /mo
New
7407 5th AVE Brooklyn, NY 11209
1,855 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY858608
Originating Board onekey2
Rental Info No
Year Built 1936
Annual Tax Amount $26,550
Lot Size 1,855 Sqft
Acres 0.0426
Property Sub-Type Multi Family
Property Description
Exceptional opportunity to acquire a fully leased mixed-use building in the heart of Bay Ridge, one of Brooklyn's most sought-after neighborhoods. This four-story property sits on a 20 x 89 lot and features a 20 x 75 building footprint, maximizing usable space across all levels. The asset includes a high-visibility retail storefront on the ground level, currently occupied by a long-term commercial tenant, and seven residential apartments above—each with updated leases and strong in-place income.
The unit mix offers a range of layouts that appeal to the area's rental demand, ensuring consistent cash flow and minimal vacancy. Located near public
transportation, retail, dining, and everyday conveniences, the building enjoys excellent foot traffic and local amenities. With gross annual income exceeding $206,000, this investment provides immediate returns and long-term growth potential for investors seeking durable income in a prime Bay Ridge location.
Prime Bay Ridge location surrounded by shops, restaurants, and easy access to public transportation. High foot traffic and vibrant neighborhood charm.
The unit mix offers a range of layouts that appeal to the area's rental demand, ensuring consistent cash flow and minimal vacancy. Located near public
transportation, retail, dining, and everyday conveniences, the building enjoys excellent foot traffic and local amenities. With gross annual income exceeding $206,000, this investment provides immediate returns and long-term growth potential for investors seeking durable income in a prime Bay Ridge location.
Prime Bay Ridge location surrounded by shops, restaurants, and easy access to public transportation. High foot traffic and vibrant neighborhood charm.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Cooling None
Flooring Ceramic Tile
Fireplace No
Appliance Microwave, Refrigerator, Stainless Steel Appliance(s)
Exterior
Utilities Available Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Coldwell Banker Reliable R E