Investment Property Realty Group (IPRG) is proud to exclusively present 9012 5th Avenue, a rare, free-market mixed-use asset located between 90th and 91st Street in an excellent location in Bay Ridge.
This well-maintained, legacy-owned asset consists of two free-market apartments over a high-visibility ground-floor retail unit, totaling approximately 4,614 SF. The property sits on a 18.83 ft x 103.08 ft lot, with C8-2 zoning and highly coveted Tax Class 1 protection, keeping annual taxes low.
Offered at an attractive $401/SF, the asset delivers a 7.03% cap rate on day one with a 7.35% pro forma cap rate, making this a compelling opportunity for investors seeking yield, upside, and long-term stability.
The property is located just blocks from the Bay Ridge - 95th Street [R] Subway Station, providing easy access to Manhattan, Queens, and the rest of Brooklyn.
PROPERTY HIGHLIGHTS
• 7.03% Cap Rate Day 1 | 7.35% Pro Forma Cap Rate
• $401/SF – Exceptional value on a prime Bay Ridge retail corridor
• Free-market mixed-use building with strong curb appeal
• Two spacious residential units over a ground-floor retail space
• Located on one of Bay Ridge’s busiest and most walkable commercial strips
• Long-term family ownership
• Protected Tax Class 1 – low annual taxes ($14,329)
• Short walk to Bay Ridge – 95th Street [R] Subway Station