This impressive four-story corner brick building in Bay Ridge features six well-appointed apartments, along with four commercial store spaces and a convenient one-car garage

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Bay Ridge

7223 5th Ave, Brooklyn, NY 11209

This impressive four-story corner brick building in Bay Ridge features six well-appointed apartments, along with four commercial store spaces and a convenient one-car garage. The property is situated in a bustling area, ensuring high visibility and accessibility for both residents and businesses. Meticulously maintained, the building showcases a blend of modern amenities and classic architecture. Currently, four of the apartments are fully leased at free market rates, while two remain rent-stabilized, offering a strategic investment opportunity. With a gross income of $230,000 and a net income of $165,000, the property boasts a cap rate exceeding 5%, highlighting its strong financial performance. The potential for further growth and development makes this building an attractive option for investors looking to capitalize on the thriving Bay Ridge market.

Total Units: 1

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Building type: Semi-Detached

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Bay Ridge

7223 5th Ave, Brooklyn, NY 11209

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