• Asking Price $2,150,000
  • 7127 5TH AVE BROOKLYN, NY 11209

  • 7 Baths 48 SqFt
  • Commercial / Resale (MLS)

Property Details for 7127 5TH AVE, BROOKLYN, NY 11209

Features

  • Price/sqft: $44,791
  • Lot Size: 2008
  • Total Units: 8
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Living Room
  • Stories: 400
  • Heating: Radiator,Steam

Facts

  • Year Built: 01/01/1907
  • Property ID: 863736394
  • MLS Number: 480277
  • Parcel Number: 05893-0003
  • Property Type: Commercial
  • County: KINGS
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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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Property Brokerage: RE/MAX Real Estate Professiona 6423 11th Avenue Brooklyn NY 11219
Copyright © 2024 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.