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$ 3,395,000
Est. payment /mo
Price Dropped by $493K
8515 4th AVE Brooklyn, NY 11209
10,464 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,464 sqft
Price per Sqft $324
MLS Listing ID 498646
Year Built 1921
Annual Tax Amount $81,865
Property Sub-Type Mixed Use
Property Description
This listing includes two buildings, and will be sold as addresses 8515 & 8517 4th Avenue. Prime Mixed-Use Investment Opportunity In The Heart Of Bay Ridge, 86th St & 4th Ave. Presenting a three-story mixed-use building situated on a 40'x113' lot with a total building size of 10,464 sq ft. Zoning: C4-2A with approximately 2,200 sq ft additional buildable FAR. Located in the center of Bay Ridge's busiest commercial hub, this property is surrounded by national brands, including McDonald's, Chipotle, GAP, Chase Bank, Pandora, Banana Republic, Sephora, and Victoria's Secret. It is also minutes away from the multi-million redevelopment site of the former Century 21 Department Store. Unmatched accessibility to public transit, with the R-train and multiple major bus lines right outside the door. Ground floor: Expansive retail space, Diamond Braces, currently pays 90% of water/sewer and 50% of real property taxes/ assessments over the 2020/2021 base year $74,870. Second floor: Two commercial units, ideal for office or professional use. Third floor: Two spacious three-bedroom apartments offering solid rental income potential. This property is a rare opportunity for investors seeking a versatile asset in a prime location with strong commercial and residential income streams. The building is at a 5% CAP rate, making it an exceptional investment
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning C4-2A
Rooms
Basement Finished, Full
Interior
Interior Features Kitchen
Hot Water Gas
Heating Gas
Flooring Hardwood, Parquet, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 3
Foundation Slab Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Keller Williams Realty Empire
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