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$ 5,888,888
Est. payment /mo
Active
455 87th ST Brooklyn, NY 11209
9,211 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,211 sqft
Price per Sqft $639
MLS Listing ID 496477
Year Built 1925
Annual Tax Amount $89,519
Property Sub-Type Mixed Use
Property Description
Prime Investment Opportunity in Bay Ridge Solid Brick Corner Property with 9 Apartments & 5 Stores Presenting an exceptional mixed-use investment property in the heart of Bay Ridge, one of Brooklyn's most vibrant and high-demand neighborhoods. This well-maintained, solid brick corner building spans three above-ground floors and offers an outstanding mix of residential and commercial units. Property Features: 9 Residential Units, Six units: 2 bedrooms, 1 full bath, Three units: 1 bedroom, 1 full bath, All units in great condition with recently updated rents,5 Ground-Level Commercial Stores, Ideal for stable, long-term rental income, Prime corner exposure ensures excellent foot traffic, Full Basement, Provides extra storage, mechanical/utility space, or potential for future use. Property Details: Building Size: 30' x 94', Lot Size: 30' x 100', Total Building Area: approx. 9,211 sq ft, Zoning: Mixed-use, Year Built: 1925. Location Highlights: Just minutes to the R train (86th Street) – offering quick access to Downtown Brooklyn and Manhattan, Steps from 86th Street's vibrant shopping district, supermarkets, cafes, and top-rated restaurants, Nestled on a quiet residential block within a strong rental market, Close proximity to excellent public schools. Investment Highlights:, Turnkey condition with solid ownership and maintenance history, Reliable rental income from both residential and commercial tenants, Rare opportunity to own a historic, income-generating asset in one of Brooklyn's most established communities, Ideal for long-term investment, 1031 exchange, owner-occupancy, or future redevelopment/value-add potential, Own a Piece of Bay Ridge History, Whether you're an experienced investor or an end-user seeking both charm and cash flow, this property delivers on location, income, and long-term value. A true gem in one of Brooklyn's most sought-after neighborhoods. SELLER IS WILLING TO GIVE OWNER FINACING with maximum 10 years.
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning C4-2A
Rooms
Basement Full, Other
Interior
Interior Features Other
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile, Other
Heat Source Gas
Exterior
Exterior Feature Other
Roof Type Flat
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas
Financing Bank Mortgage,Cash,Owner
Listed by Tiger Realty