Presenting a rare opportunity to acquire a well-maintained, cash-producing mixed-use 5-family building in the heart of Bath Beach. This non-stabilized, free-market property is being offered for the first time on the market. The building features one ground-floor commercial unitâ??currently operating as an insurance brokerageâ??and five residential units: three spacious 2-bedroom apartments and two 3-bedroom units. All tenants are reliable, and none of the units are rent-stabilized or under lease, offering exceptional rental flexibility. Building Size: 22 ft Ã? 82 ft Lot Size: 22 ft Ã? 100 ft Gross Annual Income: Approx. $126,360, Annual Insurance: $4,800 All residential units have been renovated within the past 10 years and feature high ceilings and excellent overall condition. The location is highly convenientâ??just minutes to the bus stop, as to the D train, near the 86th Street commercial corridor, and easy access to the Belt Parkway.
Details:
Families:
5
Property Type:
Mixed Use
Built:
1923
Financials:
Price:
$1,990,000
For More Information Call 718-234-7777 or Contact Agent
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Listing Information provided courtesy of Tiger Realty, Emily Hui Chen-liang - (917)708-9966
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