Description

Platinum Properties is proud to present 446 Bay Ridge Parkway on historic Doctor’s Row. This is a tremendous value-add opportunity. It is located in one of Brooklyn’s most desired neighborhoods, Bay Ridge.

This three-story, three-unit property features two medical offices and one two-bedroom residential unit. The offices are both occupied by stable tenants with soon-expiring leases. The residential unit is vacant, turnkey, and ready for immediate occupancy.

The first floor is occupied by a podiatrist. It features a waiting room with a reception area, three exam rooms, lab space, one doctor’s office, and storage area.
The second floor is occupied by a chiropractor. It is currently configured with an open layout, it has a reception and treatment area which can be divided into separate treatment rooms. This floor has an extension and has two offices, and an X-ray room.

The third floor is a residential unit. It possesses high ceilings, incredible light throughout, and original inlaid wood floors. Renovations to residential in adjacent properties have proven that modest upgrades to floor three would generate a significant revenue increase.

This is a versatile asset for a savvy investor seeking to both immediate cash flow and acquire an asset with a huge upside. An owner looking to place their business in the building will be well positioned for a bevy of tax benefits. There’s also the opportunity to convert to the original configuration of an owner-occupied townhouse above and office along this historic street.

Conveniently located between the bustling retail corridor of 5th Avenue and densely populated residential buildings along 4th Avenue, the location comes with a strong consumer base nearby.
Given the increased overall demand in Bay Ridge for mixed-use properties, 446 Bay Ridge Parkway presents a great opportunity for investors to expand a portfolio or for an end user seeking to stop paying rent and start collecting it.

Do not miss out on this exceptional chance to acquire a high-potential asset in a sought-after area. Contact us today to learn more about this incredible investment opportunity.

Some images are virtually staged for illustrative purposes. Listing courtesy of Platinum Properties ...
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