Price Reduction
Address
7223 5 Avenue Brooklyn, NY
Price
$ 3,100,000
Property Attributes
  • MLS#448549
  • TypeMixed Use
  • CountyKINGS
  • CityBrooklyn
  • AreaBrooklyn
  • NeighborhoodBay Ridge
  • Zip11209
  • StyleMixed Use
  • Year Built1928
  • Taxes$ 39896
  • Price$ 3,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6800
  • Lot Size1,880 SqFt
Listing Provided Courtesy Of:
Leonid Sklyar with RE/MAX Edge
Data Source:
Brooklyn MLS (BNYMLS) - 224 - NY
Property Description

Corner Brick 4 story walk up building with 6 Apartments 4 stores and 1 car garage. Located in the very busy section of Bay Ridge. Well maintained and fully leased 4 apartments has been removed from the stabilization and rented for free market rent, 2 apartments are still stabilized. Building generates $230,000 in gross income and $165,000 NET with over 5% Cap rate and upside potential.

Price History
2/23/2021 Listed $3,200,000
11/5/2021 4% - $3,100,000

General Features

# Families 6
Block 5910
Borough Brooklyn
Building Type Semi-Detached
Electric Circuit Breakers
Flooring Ceramic, Hardwood
Lot Number 1
MLS Area Bay Ridge
Number Of Stores 4
Property Type Mixed Use
Road Frontage 20
Roof Rubber
Stories 4
Sub Type Mixed Use
Zoning R6B

Interior Features

Basement Amenities Full
Commercial Features Exterior None
Commercial Features Interior None
Heating Fuel Gas
Hot Water Gas
Lavatories None
Unit Count 12

Exterior Features

Building Length 85.00
Building Width 20.00
Exterior Brick
Foundation Stone
Loading Docks None
Lot Dimensions 20X94
Lot Size Length 94
Lot Size Width 20
Lot Sq Ft 1880
Parking Attrib Attached Garage
Yard Back

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Mixed Use Average in 11209

Price
AVG $2.14M
$3.1M
Taxes
AVG $17,279
$39,896
Visits
AVG 40
43
Year Built
AVG 1926
1928
Walkscore
AVG 98
98
Data Provided by Walkscore ® not using MLS data

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