NY > Brooklyn
Brooklyn, NY 11220,416 Bay Ridge AVE
Brooklyn, NY 11220,416 Bay Ridge AVE
Brooklyn, NY 11220,416 Bay Ridge AVE
Brooklyn, NY 11220,416 Bay Ridge AVE
Brooklyn, NY 11220,416 Bay Ridge AVE
Brooklyn, NY 11220,416 Bay Ridge AVE
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 1,880,000
Est. payment | /mo

3,300 SqFt

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$ 1,880,000
Est. payment | /mo
Save

3,300 SqFt

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $569

MLS Listing ID 497780

Year Built 1931

Property Sub-Type Mixed Use

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.

Location

State NY

County Kings (brooklyn)

Area Bay Ridge

Zoning R5B

Rooms

Basement Finished, Full

Interior

Interior Features Other, None

Hot Water Gas

Heating Gas

Flooring Ceramic, Hardwood

Heat Source Gas

Exterior

Exterior Feature Brick

Roof Type Flat

Building

Story 3

Foundation Poured Concrete, Stone

Others

Energy Description Gas

Financing 1031 Exchange,Bank Mortgage,Cash

Listed by Ashford Homes LLC

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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416 Bay Ridge AVE

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