522 Bay Ridge AveBrooklyn, NY 11220

For Sale
$1,650,000

Six-unit rent-stabilized building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 522 Bay Ridge Avenue in Brooklyn, New York, presents a compelling investment opportunity. The building encompasses 1,940 square feet and comprises six individual one-bedroom, one-bathroom apartments, all currently rent-stabilized. Each unit boasts a spacious layout, featuring modern kitchens and bathrooms, attractive hardwood flooring, and ample natural light provided by large windows. Residents enjoy the convenience of a secure intercom system and the added security of video surveillance. The building's brick construction reflects its well-maintained condition. Situated in the vibrant Bay Ridge neighborhood, this property benefits from its proximity to excellent schools, diverse dining options, and a variety of entertainment venues. Public transportation is readily accessible, enhancing its appeal to both residents and investors. The projected annual rent roll is $146,000, making this a highly desirable six-family building in a prime location. The asking price for this property is $1,650,000. This presents a strong potential for significant return on investment. The property's zip code is 11220.

Highlights

  • $1,650,000 asking price.
  • Mixed-use property totaling 1,940 square feet.
  • Six 1-bedroom/1-bathroom units.
  • Rent-stabilized building in Bay Ridge, Brooklyn, NY.
  • Projected annual rent roll of $146,000.

Location Insight

City
Brooklyn
County
36047
State
New York
Latitude
40.6329954
Longitude
-74.0204845
522 Bay Ridge Ave, Brooklyn, New York

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522 Bay Ridge Ave
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