• Dyker Heights
  • Brooklyn, NY 11220
861 Bay Ridge Avenue Bulk
$4,000,000 15 BD 5 BA 5,300 SF

Property Description

INVESTOR’S DELIGHT! Bulk sale of 5 condo units; units may be purchased individually. Built in 1996, 4 story walkup, 8 unit condo building. Newly renovated, spacious 1100+/- sq. ft. units with 3 bedrooms and modern 1.75 baths. Eat-in kitchen with stainless appliances (dishwasher, microwave, stove), new cabinets, and granite countertops in most units. Lots of closets and hardwood floors throughout. Each unit includes one compact outdoor parking space and one large private basement storage room. Great views of the VERRAZZANO-NARROWS Bridge from the airy balcony. (Ground floor unit does not have a balcony, but is handicap accessible.) Separate gas heating and sleeve air conditioners in each unit. There are shared/communal laundry facilities in the basement, but washers/dryers are not permitted in the units. Tenants pay all utilities. Conveniently located near mass transit, shopping, and restaurants. Approximate annual gross income potential is $180,000. Monthly common charges are $475 per unit. Bulk purchase allows for control of the condo board. Building is located on 2 adjacent lots. Excellent opportunity for 1031 exchange.

Property Features

  •  5770
    • 1031 Exchange
    • Bank Mortga
  •  7501
    • Sewer
    • Water
  • Interior Features

  •  25
  •  Hardwood
  •  Baseboard
  • Courtesy of Brooklyn Realty Center Inc.

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    Charles Olson

    718-954-8401
    Keller Williams Realty Empire

    861 Bay Ridge Avenue Bulk
    Brooklyn, 11220

    $4,000,000
    15 Beds / 5 Bath
    5300 Sq. Feet
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    861 Bay Ridge Avenue Bulk
    Brooklyn, 11220

    $4,000,000
    15 Beds / 5 Bath
    5300 Sq. Feet
    Click image to generate new verification code.