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 & 1 Bathroom
2 X 2 Bedroom & 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.

All numbers are estimate and will need to be verified