652 73rd Street, Brooklyn, New York 11209
- $1,599,000
- 9
- BD
- 6
- BA
- 4,824
- SqFt
- List Price
- $1,599,000
- Status
- ACTIVE
- Days on Market
- 7
- MLS#
- 503255
- Bedrooms
- 9
- Bathrooms
- 6
- Full Baths
- 5
- Half Baths
- 1
- Living Area
- 4,824
- Lot Size
- 2,667
- MLS Area Major
- Bay Ridge
Property Description
Prime 5-Family Investment Property For Sale! Exceptional investment opportunity in the heart of Bay Ridge. This fully renovated 3-story, 5-family building with a finished basement, sits on a large 26.67x100 lot with a large building size of 26.67x60. All apartments are spacious, and beautifully updated —no renovation needed, completely turn-key and ready for investors. 2-3 UNITS CAN BE DELIVERED VACANT. Separate boilers and hot water heaters; Tenants pay for their own gas, heating, and electricity. The property offers strong existing income with a current cap rate of 6.8% and excellent upside potential to reach 8.1%. Conveniently located just a few minutes’ to Fort Hamilton Parkway, close to all daily necessities including supermarkets, restaurants, and shops. The B70 and B4 buses are located nearby for easy and convenient transportation. A rare chance to own a high-performing, low-maintenance building in one of Brooklyn’s most desirable neighborhoods, ideal for investors seeking stability and long-term returns.
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Additional Information
- Taxes
- $17,546
- Financing
- 1031 Exchange, Bank Mortgage, Cash
- Zoning
- R4-1
- Flooring
- Tile
- Heating
- Other
- Exterior Features
- Brick
- Stories
- 3
- Roof
- Other
- Foundation
- Other
Mortgage Calculator
Courtesy Of Fang Fang Realty Inc