416 Bay Ridge Avenue, Brooklyn, New York 11220
- $1,880,000
- 3,300
- SqFt
- List Price
- $1,880,000
- Status
- ACTIVE
- Days on Market
- 271
- MLS#
- 497780
- Year Built
- 1931
- Living Area
- 3,300
- Lot Size
- 2,000
- MLS Area Major
- Bay Ridge
Property Description
Outstanding Mixed-Use Investment Opportunity. Discover an exceptional investment property located in the highly desirable Bay Ridge neighborhood. This solid mixed-use building offers one commercial unit and three newly renovated residential apartments, providing strong rental income and long-term upside in a prime Brooklyn location. Commercial Unit (1st Floor – Street Level) Currently occupied by a barbershop, Tenant pays hot water and electricity, keeping owner expenses low. Residential Units (All Newly Renovated) 1st Floor Rear – 2 Bedroom Apartment. Vacant and fully updated—perfect for immediate leasing or personal use. 2nd Floor – 5 Bedrooms, 1.5 Baths, spacious layout with modern renovations, 3rd Floor – 5 Bedrooms, 1.5 Baths, Newly renovated with generous living space. Strong rental income $118,980/year, expense only $20,208/ Year. Net 5.5%. A perfect location for both residential and commercial tenants. WON'T LAST.
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Additional Information
- Financing
- 1031 Exchange, Bank Mortgage, Cash
- Zoning
- R5B
- Flooring
- Ceramic, Hardwood
- Heating
- Gas
- Exterior Features
- Brick
- Stories
- 3
- Roof
- Flat
- Foundation
- Poured Concrete, Stone
Mortgage Calculator
Courtesy Of Ashford Homes LLC