Property
| Ownership: | income-property |
|---|---|
| Rooms: | 20 |
| Bedrooms: | Studio |
Financials
Price:$875,000
Real estate tax:$25,176
Listing Courtesy of Compass
This six unit rent stabilized building sits just steps from the R train in the heart of Bay Ridge.
Description
This six-unit rent-stabilized building sits just steps from the R train in the heart of Bay Ridge. Each apartment has two spacious bedrooms. Two to three apartments will be delivered vacant, offering immediate flexibility for an investor or owner-user. The current rent roll remains below DHCR guidelines, generating a net operating income of approximately $47,880.
Priced to sell, this property offers a rare combination of stability, steady cash flow, and meaningful upside for an investor seeking a low-risk, low-turnover asset in one of Brooklyn’s most established neighborhoods.
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Amenities
- Voice Intercom
Neighborhood
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RLS Data display by Nest Seekers LLC.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
