7129 5Th AveBrooklyn, NY 11209

This exceptional mixed-use property, located at 7129 5th Avenue in Brooklyn, New York, presents a compelling investment opportunity. Priced at $2,150,000, this four-story building encompasses 14 units within a single structure situated on a 2,008 square foot lot. The property is zoned R6B and currently operates as a mixed-use building with seven one-bedroom apartments and one commercial space. Seven of the residential units are rent-stabilized, with only one free-market unit. Recent renovations have enhanced the residential units with modern finishes and amenities, while common areas and utilities received upgrades within the last five years. The commercial space is currently occupied by a doctor's office, with leases expiring in 2024 and 2025, ensuring stable income and low turnover. Benefitting from a 2B Tax Class, this property offers predictable tax increases. Its location in Bay Ridge provides residents with easy access to local attractions such as Alpine Cinema, Gino's Restaurant, and several parks including Lief Erickson Park, McKinley Park, and Owl's Head Park. Convenient public transportation is readily available via the nearby Bay Ridge Avenue R train station and the B63 bus route, along with easy access to major highways like the Gowanus Expressway and Belt Parkway. This turnkey property, situated on a prime retail corridor, offers significant cash-flow potential and is ideal for a 1031 exchange.