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1564 Bay Ridge Ave Brooklyn, NY 11219

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For Sale
$1,490,000

Six-unit building in Bensonhurst with income potential.

Lot size:
0.07 Acres

Property Features for 1564 Bay Ridge Ave

General Information

Lot size
0.07 Acres

Building Details

Year built
1925

Source: Exit Realty Professionals Agent Rui (Nancy) L Wu

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Bensonhurst Six-Family Brick Building

This is a six-family solid brick building located in Bensonhurst. The property has a lot size of 30 x 100. The building comprises one one-bedroom unit and five two-bedroom units. The gross yearly income is $106,508.88, representing a 4.73% cap rate. Additional income is generated from a private driveway, which provides $100 extra per month for a parking space. The building includes a finished basement. The property is located close to amenities and has access to schools with good ratings, making it suitable for investment.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.998079
Latitude
40.619916

FAQs

What type of property is this?
Apartment building - Six-unit building in Bensonhurst with income potential.
Where is this apartment building located?
The property is located at 1564 Bay Ridge Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: - Six-family solid brick building in Bensonhurst; - Generates a gross yearly income of $106,508.88; - Cap rate of 4.73%
More about this property
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