$2,599,000

7407 5th Avenue, Brooklyn, NY 11209

  • 6,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1936
  • Property Lot Size Icon1,856sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $433/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Exceptional opportunity to acquire a fully leased mixed-use building in the heart of Bay Ridge, one of Brooklyn’s most sought-after neighborhoods. This four-story property sits on a 20 x 89 lot and features a 20 x 75 building footprint, maximizing usable space across all levels. The asset includes a high-visibility retail storefront on the ground level, currently occupied by a long-term commercial tenant, and seven residential apartments above—each with updated leases and strong in-place income. The unit mix offers a range of layouts that appeal to the area’s rental demand, ensuring consistent cash flow and minimal vacancy. Located near public transportation, retail, dining, and everyday conveniences, the building enjoys excellent foot traffic and local amenities. With gross annual income exceeding $206,000, this investment provides immediate returns and long-term growth potential for investors seeking durable income in a prime Bay Ridge location. Prime Bay Ridge location surrounded by shops, restaurants, and easy access to public transportation. High foot traffic and vibrant neighborhood charm.

Listing Status:
Active
Listing Office:
Coldwell Banker Reliable R E : 718-921-3100
MLS ID:
858608
  • Appliances: MicrowaveRefrigeratorStainless Steel Appliance(s)
  • Basement: Full
  • Flooring: Ceramic Tile
  • A/C: None

This listing courtesy of Coldwell Banker Reliable R E

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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