7127-7129 5th Ave. Brooklyn NY 11209
Pls. Call / Text Vito Angelo @718-887-5708 or Email [email protected]
Open House
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Property Description
This is a rare opportunity to own Two mixed-use Side-by-side buildings on the desirable 5th Avenue in Bay Ridge, Brooklyn. Each property features 7 one-bedroom apartments and 1 commercial space, for a total of 14 residential and 2 commercial 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. Spacious basement allows for bike storage and or cubicals with more potential income The commercial tenants are - 1. doctor’s office and 1. jewelry story 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 neighborhood’s attractions and parks, such as the Alpine Cinema, Gino’s Restaurant, Lief Erickson Park, McKinley Park and Owl’s 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. Don’t miss this chance to invest in a turn-key property with strong cash-flow potential on a prime retail corridor. Selling as a Package Deal 7127 and 7129 5th Ave. All Expenses are for both properties combined.
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $3,899,000 |
| No. of Units: | 14 |
| Cap Rate: | 11951% |
| Year Built: | 1920 |
| Year Renovated: | 1907 |
| Building Size: | 7,200 Sq ft |
| Lot Size: | 3,999.00 Acres |
| No. of Stories: | 4 |
| Zoning Code: | R6B |
| Opportunity Zone: | No |
| Price per unit: | $278,500 |
| Property Website | Click Here |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Vito Angelo | 718-887-5708 | [email protected] |
| Billy Apter | 347-721-6599 | [email protected] |
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