This Multifamily Property is Off-Market.

6914 6th Avenue
Brooklyn, NY 11209 ·

16 Units · Multifamily For Sale

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6th Avenue, Bay Ridge, Brooklyn

Price N/A Property Sub-type Mid/High-Rise
No. Units 16 Property Use Type Investment
Building Size 12,659 SF Cap Rate 4.84%
Property Type Multifamily Year Built 1931
Listing ID: 14608103 Date Created: 05/05/2006 Last Updated: 11/16/2006

Description

6914 6th Avenue is located in the Brooklyn neighborhood of Bay Ridge. The
property has been well maintained. This submarket of Brooklyn has long been
a stable rental market and continues to be. The area has many national retail
tenants as well as coop apartment buildings.
The rents are well below market and the property could be a condo/coop
opportunity in a few years time. There is a coop building on the accross the
street from the property.
There is a large space in the basement that could be fixed and used as the
super's unit which would allow apartment 1A to be rented out or the space could
be renovated and legalized and used as an additional apartment.

The neighborhood of Bay Ridge is one of the nicest areas in the
Brooklyn submarket. It is a quiet residential neighborhood with many
coop buildings and national retail tenants. It's close proximity to
Manhattan makes it an ideal location for workers to commute into the
city.

Highlights

  • Prime Bay Ridge Location
  • Average rents of $705
  • Good Mix of Apartments: 7 - 2bdrms 9 - 1bdrms
  • Low Vacancy
  • Property in Great Condition
  • Close Proximity to Public Transportation

Research

6914 6th Avenue, Brooklyn, NY 11209 (Kings County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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