INVESTORS DREAM! Calling all investors looking for an incredible opportunity to own an income-producing, mixed-use property in Prime Brooklyn with a RARE net cap rate of 5+%!
This property is two attached limestone townhomes, (approximately 5500 sf) located on a prime Bay Ridge block.
Each building features three stories + finished basement and sits on an expansive lot measuring 45x125 lot with R3-2 zoning.
A well-established preschool occupies the first and second floors of both buildings.
The third floors of each building are spacious, airy, and
bright two-bed apartments; featuring an updated chef's kitchen, new appliances, open living/dining, and two large bedrooms.
All of the units have maximized rental income making it an excellent investment!
Outside features a double car garage and a very large backyard - easily accommodating 6 cars!
Located in a vibrant Brooklyn community surrounded by beautiful limestone buildings, Bay Ridge boasts an array of restaurants, supermarkets, boutique shops, and nightlife! In addition, this fabulous neighborhood offers the tranquil setting of multiple parks...Millennium Skate Park, Owl's Head, Narrows Botanical Garden, and the most coveted Shore Road Promenade!
Excellent transportation hub minutes away - including the R train, X37/38 buses, and NYC Ferry service to Manhattan, plus the S79 to Staten Island and a host of other local transportation.
245-247 86th Street is a true investment opportunity not to be missed!
BUILDING NUMBERS 245-247
BUILDING SIZE 40x60
LOTS SIZE 45x125