272 79th Street, Brooklyn, NY 11209

Located in the heart of Bay Ridge, this fully attached Brick six-family brick building offers an exceptional investment opportunity with strong, stable income and room for long-term appreciation. Spanning over 4,600 square feet, the building sits on a 20-foot by 110-foot lot, with an impressive footprint of 20 feet by 77 feet . The layout includes six legal units. There are two spacious two-bedroom apartments, which are 2F and 3F. The other units arefour one-bedroom apartments. Each apartment has its own bathroom, and there's an additional bathroom in the basement, making a total of seven bathrooms in the building. The units are fully rented with reliable tenants in place, and the property is well maintained. Basement can be used as storage space as well. The financials are strong. The building generates over $130,000 in annual income, with yearly expenses of approximately $40,000. Of that, $22,000 accounts for property taxes. The result is a cap rate approaching 7%, offering … read more …