$5,888,888

Estimated payment $38,222/month

Total Views 1,997
-- Bed
-- Bath
9,211 Sq Ft
$639 Price per Sq Ft

Highlights

  • Wood Flooring
  • 3-minute walk to 86 Street (R Line)
  • Back Yard
  • P.S. 264 Bay Ridge Elementary School for the Arts Rated A-
  • Hot Water Heating System

About This Home

Prime Investment Opportunity in Bay Ridge Solid Brick Corner Property with 9 Apartments & 5 Stores Presenting an exceptional mixed-use investment property in the heart of Bay Ridge, one of Brooklyn’s most vibrant and high-demand neighborhoods. This well-maintained, solid brick corner building spans three above-ground floors and offers an outstanding mix of residential and commercial units. Property Features: 9 Residential Units, Six units: 2 bedrooms, 1 full bath, Three units: 1 bedroom, 1 full bath, All units in great condition with recently updated rents,5 Ground-Level Commercial Stores, Ideal for stable, long-term rental income, Prime corner exposure ensures excellent foot traffic, Full Basement, Provides extra storage, mechanical/utility space, or potential for future use. Property Details: Building Size: 30' x 94', Lot Size: 30' x 100', Total Building Area: approx. 9,211 sq ft, Zoning: Mixed-use, Year Built: 1925. Location Highlights: Just minutes to the R train (86th Street) – offering quick access to Downtown Brooklyn and Manhattan, Steps from 86th Street’s vibrant shopping district, supermarkets, cafes, and top-rated restaurants, Nestled on a quiet residential block within a strong rental market, Close proximity to excellent public schools. Investment Highlights:, Turnkey condition with solid ownership and maintenance history, Reliable rental income from both residential and commercial tenants, Rare opportunity to own a historic, income-generating asset in one of Brooklyn’s most established communities, Ideal for long-term investment, 1031 exchange, owner-occupancy, or future redevelopment/value-add potential, Own a Piece of Bay Ridge History, Whether you're an experienced investor or an end-user seeking both charm and cash flow, this property delivers on location, income, and long-term value. A true gem in one of Brooklyn's most sought-after neighborhoods. SELLER IS WILLING TO GIVE OWNER FINACING with maximum 10 years.

Listing Agent

Peter Pan

RE/MAX Edge License #10401215383 Listed on: 10/10/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $89,519

Year Built

  • Built in 1925

Lot Details

  • 3,008 Sq Ft Lot
  • Lot Dimensions are 100 x 30
  • Irregular Lot
  • Back Yard
  • Property is zoned C4-2A

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 9,211 Sq Ft Home
  • 4-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6045

Community Details

Overview

  • 9 Units

Building Details

  • Fuel Expense $9,076
  • Insurance Expense $12,550
  • Utility Expense $1,654
  • Gross Income $386,436

Property Details

Property Type

Other

Est. Annual Taxes

$89,519

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Full, Other
  • Borough: Brooklyn
  • Building Length: 94.00
  • Building Width: 30.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 86th St
  • Cross Street Name2: 87th St
  • Heat Delivery: Hot Water, Other
  • Number Of Families: 9
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 9211
  • Building Stories: 4
  • Street Name I D X: 87th
  • Year Built: 1925
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Hardwood, Tile, Other
  • Lot Sq Ft: 3008

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Other
  • Foundation Details: Poured Concrete
  • Lot Number: 44
  • Roof: Flat

Utilities

  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 9076.00

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 100
  • Lot Size Width: 30
  • Zoning: C4-2A

Multi Family

  • Annual Gross Expense: 125348.00
  • Annual Gross Income: 386436
  • Insurance Expense: 12550.00
  • Unit Count: 14
  • Annual Utility Expenses: 1654.00

Tax Info

  • Flip Tax Amount: 89519.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2025 10/10/25 For Sale $5,888,888 -- $639 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 496477

Brooklyn Board of REALTORS®