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416 Bay Ridge Avenue, Brooklyn, New York, 11220

$1,880,000

0

Beds

Bathrooms

3,300

Building Sqft

0.05

Acres

2,000

Lot Sqft

About 416 Bay Ridge Avenue

Outstanding Mixed-Use Investment Opportunity. Discover an exceptional investment property located in the highly desirable Bay Ridge neighborhood. This solid mixed-use building offers one commercial unit and three newly renovated residential apartments, providing strong rental income and long-term upside in a prime Brooklyn location. Commercial Unit (1st Floor – Street Level) Currently occupied by a barbershop, Tenant pays hot water and electricity, keeping owner expenses low. Residential Units (All Newly Renovated) 1st Floor Rear – 2 Bedroom Apartment. Vacant and fully updated—perfect for immediate leasing or personal use. 2nd Floor – 5 Bedrooms, 1.5 Baths, spacious layout with modern renovations, 3rd Floor – 5 Bedrooms, 1.5 Baths, Newly renovated with generous living space. Strong rental income $118,980/year, expense only $20,208/ Year. Net 5.5%. A perfect location for both residential and commercial tenants. WON’T LAST.

Features of 416 Bay Ridge Avenue

MLS® #
497780
Acres
0.05
Type
Mixed Use
Price
$1,880,000
Square Footage
3,300
Year Built
1931
Sub-Type
Mixed Use

Community Information

Address
416 Bay Ridge Avenue
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11220

Listing Information

Agent Name
Ray Long Wu
Agent Office
Ashford Homes LLC

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(718) 987-7900