Priced to sell at a 5.02% Cap rate!
8710 3rd Ave is a prime Bay Ridge, 6-unit multifamily townhouse, comprised of 5 residential units and 1 commercial unit across 4800 square feet. All units are free market and fully leased. Located just one block from the 86th Street Station. This well-maintained property offers a steady income stream and multiple value-add opportunities.
Unit Breakdown:
1 X Commercial space
3 X 1 Bedroom & 1 Bathroom
2 X 2 Bedroom & 1 Bathroom
Building Information:
Lot Size 20 X 100
Building Size 20 X 80
Total interior square foot 4800
Upgrades: Hot water heaters and boiler
Value-Add Opportunities:
Laundry Facility: Basement hook-up already in place for adding laundry services.
Storage Cages: Potential to add storage cages in the basement for extra income.
Roof Improvement: Opportunity to finish the roof and possibly create additional usable space.
For income and expense breakdown, please reach out.
All numbers and floorplans are estimates and will need to be verified.