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Brooklyn, Brooklyn, NY 11220
Property Type
Multi Family
Year Built
1915
Listing courtesy of Charles A. Olson of Keller Williams Realty Empire.
Bay Ridge All-Brick 6-family asset. Fully tenanted, the owner-occupied 2-bedroom will be delivered vacant. Upside potential offers the opportunity for growing returns; all current 2-year leases are set to expire on 9/30/25. The building is 20' x 90' on a 114 ft lot zoned R7B. Well-maintained, with 5,400 interior sq. ft. located in prime Northern Bay Ridge near shopping, dining, and multiple transportation options. Current RR is $123,421/yr, with total expenses of $38,584 (current CAP 6.3). The projected income upon new lease signing is $145,729, bringing CAP to 8%. There are 11 total bedrooms and 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
0.0526 Acres
0
Brooklyn
Brooklyn
Multi Family
1915
Brick
6
1915
Brooklyn
Brooklyn
Unfinished, Walk-Out Access
Yes
Yes - Natural Gas
0
Public
Total$6,028.38/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
| Address | Size | Sold For |
|---|---|---|
| 345 Montgomery Street #2B #2BBrooklyn | 1 BR / 1 BA | $51,500,029 |
Closed sales recorded by Brown Harris Stevens agents.
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