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About This Home
This 0-bedroom, 0-bathroom single family at 416 Bay Ridge Avenue in Brooklyn, NY is listed for $1,880,000 ($570 per sqft). Built in 1931, the home offers 3,300 sqft of living space on a 0.05 acres lot.
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.
Key Features
- Built in 1931
- 0.05 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$10,055/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
416 Bay Ridge Avenue
Brooklyn, NY 11220
Property Details
Flooring
Construction
Questions & Answers
This 0-bedroom, 0-bathroom single family at 416 Bay Ridge Avenue is listed at $1,880,000 ($570/sqft). The estimated monthly payment is $8,147 based on 20% down at 6.5% interest.
Key features include: Built in 1931, 0.05 acre lot, 3 stories.
This property is listed by Ray Long Wu and can be reached at (929) 364-1301 or raywu34@gmail.com.
