7506 5th Ave - Apartments FOR SALE


Brooklyn, NY 11209- Bay Ridge
$1,650,000 USD
516-214-7761
7506 5th Ave, Brooklyn, NY for Sale
$1,650,000 USD
Apartments - FOR SALE
1/5
null | 3.45% Cap Rate

7506 5th Ave
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • Heavy Daytime Foot Traffic
  • Near Public Transportation
  • Brick Construction
  • Easy Access to Public Transportation

OVERVIEW

Welcome to 7506 5th Ave, a prime commercial property situated in the heart of Bay Ridge, Brooklyn. Boasting an excellent location with heavy daytime foot traffic, this property presents a lucrative investment opportunity. Currently 100% leased, the first floor is home to a bustling convenience store and deli, catering to the bustling neighborhood. The upper floors offer versatile living spaces, with each floor featuring three bedrooms, a full bath, a spacious living room, dining room, an eat-in kitchen. This setup provides ample living space and flexibility for potential tenants or owners. Current residential rents are below market and have plenty of room for improvement. Whether you're looking to expand your investment portfolio or establish your business in a thriving neighborhood, this property offers endless potential. Don't miss the chance to secure this prime commercial space in one of Brooklyn's most sought-after locations. BEING SOLD AS IS. 1st Floor - Convenience/Deli 2nd Floor - 3 Beds, 1 Bath, Living Room, Dining Room, Eat In Kitchen 3rd Floor - 3 Beds, 1 Bath, Living Room, Dining Room, Eat In Kitchen Electric separately metered Cooking gas separately metered

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

3

PRICE/UNIT

$550,000

CAP RATE

3.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7506 5th Ave, Brooklyn

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6B, BR, C1-3

APN/PARCEL ID

05941-0042

ASK ABOUT THIS PROPERTY

Nicholas LiappasCompassMore Info
516-214-7761

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Nicholas LiappasCompassMore Info
516-214-7761

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.