BACK ON THE MARKET!! This beautiful, impeccably maintained property in pristine condition is located on the corner of a gorgeous tree-lined street in Bay Ridge, convenient to the R train and B4 bus stop. This approximately 4500-SF three-story building built in 1928 is 20 feet wide and sits on a 2740-SF lot. The six FREE MARKET residential units (all registered and deregulate), provide for a cap rate of approximately FIVE PERCENT! Three of the six apartments have been renovated in the past couple of years, two apartments are currently vacant and all renewals have a vacate clause with 60 days' notice. All units are quiet, light-filled two and three bedroom, one bath apartments with charming original Prewar details and some modern upgrades. The building boasts a new security system, remodeled foyer, front door and marble stairs, plus a common courtyard and space for a workshop, residents' lounge, and storage in the basement. The roof, from which one can view the Freedom Tower and Verrazano Bridge, is in excellent condition and resealed every two years. Potential rent roll of approximately $145K per year and total annual carrying costs of $50K. Details and tours provided upon request to serious purchasers.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
