Bay Ridge All-Brick 6-family asset. Fully tenanted, the owner-occupied 2-bedroom will be delivered vacant. Upside potential offers the opportunity for growing returns; all current 2-year leases are set to expire on 9/30/25. The building is 20' x 90' on a 114 ft lot zoned R7B. Well-maintained, with 5,400 interior sq. ft. located in prime Northern Bay Ridge near shopping, dining, and multiple transportation options. Current RR is $123,421/yr, with total expenses of $38,584 (current CAP 6.3). Projected income upon new lease signing is $145,729, bringing CAP to 8%. 11 total bedrooms, 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
Brooklyn is located in New York. Brooklyn, New York 11220has a population of 8,736,047. Brooklyn 11220 is less family-centric than the surrounding county with 27.43% of the households containing married families with children. The county average for households married with children is 28.9%.
The median household income in Brooklyn, New York 11220 is $70,663. The median household income for the surrounding county is $67,753 compared to the national median of $69,021. The median age of people living in Brooklyn 11220 is 37.3 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 26.1 degrees. The average rainfall is approximately 46.6 inches per year, with 25.3 inches of snow per year.
