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Mixed-Use

416 Bay Ridge Ave #1, Brooklyn, NY 11230, USA

For Sale

$1,880,000

Property Description

Outstanding Mixed-Use Investment Opportunity. Discover an exceptional property in the highly desirable Bay Ridge neighborhood. This solid mixed-use building features one commercial unit and three newly renovated residential apartments, offering high rental income and long-term growth potential in a prime Brooklyn location. The Commercial Unit on the 1st floor at street level is currently occupied by a barbershop. Monthly rent is $1,680, with the tenant responsible for hot water and electricity, which helps keep owner expenses low. The residential units, all recently renovated, include the 1st-floor rear apartment—a 2-bedroom unit that is vacant and fully updated—making it ideal for immediate leasing or personal use. The 2nd-floor unit has 5 bedrooms and 1.5 baths, with a spacious layout and modern renovations, generating substantial rental income of $3,255 per month. The 3rd-floor unit also has 5 bedrooms and 1.5 baths, is newly renovated with generous living space, and is currently rented at $3,150 per month. This location is perfect for both residential and commercial tenants. WON'T LAST.

Contact Agent

Ray Wu

347-335-6333

Property Details

Property Type

Mixed-use

Bedrooms

12

Bathrooms

6

Size

1,928

Floors

3,300

Year Built

1931

Property Location

416 Bay Ridge Ave #1, Brooklyn, NY 11230, USA

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