6819 3RD AVENUE

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Address: 6819 3RD AVENUE, NYC, New York, US
Created date: November 9, 2023
Date last updated: December 4, 2023

Property Description

HIGH-INCOME INVESTMENT OPPORTUNITY IN BAY RIDGE, BROOKLYN. EXTRA-LARGE (27x70 BLDG SIZE- 7500 SQFT- 27x106 LOT SIZE) 4 STORY, BRICK 6 FAMILY + STORE/RESTAURANT. FIVE OF THE SIX UNITS ARE FREE MARKET, CIRCA 2004, AND ARE NOT SUBJECT TO RENT STABILIZATION AND THE RENT STABILIZED APARTMENT WILLING TO NEGOTIATE. MAKING IT A LUCRATAVE INVESTMENT OPPORTUNITY FOR THOSE LOOKING FOR STABLE, LONG-TERM RETURNS. OVER $210,000/YEAR RENTAL INCOME- CENTRALLY LOCATED ON BUSY, HIGH-TRAFFIC & BUSTLING 3rd AVENUE, IN THE EPICENTER OF BAY RIDGE... WELL ESTABLISHED RESTAURANT TENANT PAYS ALL THEIR OWN UTILITIES + 1/3 BLDG TAXES & 1/2 BLDG WATER BILL. OWNER ALSO OWNS ALL RESTAURANT FIXTURES AND THEY ARE INCLUDED IN THE SALE... THIS VERY EFFICIENT & EXTREMELY WELL-MAINTAINED PROPERTY, PRACTICALLY RUNS ITSELF. PRIME PIECE OF INVESTMENT REAL ESTATE IN ONE OF BROOKLYN'S MOST DESIRABLE & PREMIER NEIGHBORHOODS; WITH EVEN MORE OUTSTANDING UPSIDE POTENTIAL FOR ITS NEXT SAVVY OWNER .5% Cap OWNER IS RETIRING AFTER 28 YEARS. JUST COLLECT AND COUNT

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Multifamily type: Apartments
Price: $3,250,000
Opportunity Zone: No
Address: 6819 3RD AVENUE, NYC, NY 11220, USA
Provided by:

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