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Property description
Priced to sell at a 5.02% Cap rate! 8710 3rd Ave is a prime Bay Ridge, 6-unit multifamily townhouse, comprised of 5 residential units and 1 commercial unit across 4800 square feet. All units are free market and fully leased. Located just one block from the 86th Street Station. This well-maintained property offers a steady income stream and multiple value-add opportunities. Unit Breakdown 1 X Commercial space 3 X 1 Bedroom and 1 Bathroom 2 X 2 Bedroom and 1 Bathroom Building Information Lot Size 20 X 100 Building Size 20 X 80 Total interior square foot 4800 Upgrades: Hot water heaters and boiler For income and expense breakdown, please reach out. Value-Add Opportunities: Laundry Facility: Basement hook-up already in place for adding laundry services. Storage Cages: Potential to add storage cages in the basement for extra income. Roof Improvement: Opportunity to finish the roof and possibly create additional usable space.For more details:
Listed by: Taylor Bos