7315 3rd Ave Ave
Brooklyn, NY 11209

[ONLY CASH BUYERS] Introducing a Semi-Detached Mixed-Use investment property located in the most desired and wanted neighborhood, Bay Ridge. The property has a Building Size of 20x50 sitting on a 20x100 lot. Taxes are $14,509/year. This stunning property consists of one prime commercial store with an extension on the ground floor and 4 residential 1-bedroom units above in well-maintained and excellent condition at a free-market rent. This investment property also features a full basement for storage and a spacious backyard with a brand-new boiler, and roof. The Commercial Store has a 3-year left from the lease which states that the current tenant is responsible for 50% of the taxes and 67% of the water bill. What's more excellent about this property is that it generates a gross income of $139,560, after a total expense of $21,609/year, the building still generates a CAP Rate of 5-6% a year. The location of this property brings add-in value due to the heavy foot and car traffic. Near to all shopping, restaurants, and all kinds of transportation. This would be perfect for someone looking to grow and expand a business and someone looking to get a stream of income! Please have the pre-approval or proof of funds ready before showing per the owner's request. Won't Last!