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1759 Bay Ridge Pky 5,900 SF Office/Retail Condo Unit Offered at $3,750,000 in Brooklyn, NY 11204
Property Facts
| Total Building Size | 31,488 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 5,656 SF |
| Property Subtype | Apartment | Year Built | 2023 |
| Building Class | A | Lot Size | 0.18 AC |
| Zoning | R5 - Medium density residential | ||
| Total Building Size | 31,488 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 4 |
| Typical Floor Size | 5,656 SF |
| Year Built | 2023 |
| Lot Size | 0.18 AC |
| Zoning | R5 - Medium density residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Elevator
- Public Transportation
1 Unit Available
Unit Daycare
| Unit Size | 5,900 SF | Sale Type | Investment |
| Price | $3,750,000 | Cap Rate | 5.27% |
| Price Per SF | $635.59 | NOI | $197,625 |
| Condo Use | Office/Retail |
| Unit Size | 5,900 SF |
| Price | $3,750,000 |
| Price Per SF | $635.59 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| NOI | $197,625 |
Description
Approved by DOE with 128 student daycare center (UPK C/O), with 7 large classrooms, 7 restrooms and an open office with kitchenette. 5400 sq. ft. on first floor and 800sq. ft. in the basement. Plus approximately 800 sq. ft. playgrounds on the side. The property is currently leased with a triple net lease 5 + 5 terms, starting 10/01/2024 with 3% increase annually.
Sale Notes
A great opportunity to own a newly built (2022) community facility condo in the 18th Ave. shopping corridors of Bensonhurst, Brooklyn. A good investment with 5.27 Cap Rate.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
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1759 Bay Ridge Pky
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