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247 73 St 247 73rd St 6 Unit Apartment Building $1,695,000 ($282,500/Unit) Brooklyn, NY 11209
INVESTMENT HIGHLIGHTS
- Near 3rd Ave shopping
EXECUTIVE SUMMARY
Located in the heart of Bay Ridge, this 3-story brick multifamily property offers a rare opportunity for investors or developers with vision. Consisting of 6 units, the building requires a full gut renovation due to fire damage, making it a perfect blank canvas for transforming the apartments into modern free-market rentals. Situated just steps away from 3rd Avenue’s vibrant shopping district, convenient transportation, and a wide array of restaurants and nightlife options, this property boasts an enviable location. It’s also only a few blocks from Shore Road Promenade, offering scenic views and recreation.
The building will be delivered vacant at closing, and is sold as-is, with no mortgage contingency. All-cash deals only, ideal for those ready to bring this property back to life and take advantage of the growing rental market in one of Brooklyn's most sought-after neighborhoods.
For additional information or to schedule a viewing please contact: Jimmy 718.768.4500 / 917.204.7315 gh@Bellmarc.com
The building will be delivered vacant at closing, and is sold as-is, with no mortgage contingency. All-cash deals only, ideal for those ready to bring this property back to life and take advantage of the growing rental market in one of Brooklyn's most sought-after neighborhoods.
For additional information or to schedule a viewing please contact: Jimmy 718.768.4500 / 917.204.7315 gh@Bellmarc.com
PROPERTY FACTS Under Contract
| Price | $1,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $282,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 6 | Building Size | 4,806 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1926 |
| Zoning | R5B - Medium density district with a height limit of 40 feet | ||
| Price | $1,695,000 |
| Price Per Unit | $282,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,806 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Zoning | R5B - Medium density district with a height limit of 40 feet |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
SITE AMENITIES
- 24 Hour Access
- Recycling
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 8+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (88)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 05907-0063 | Improvements Assessment | $347,850 |
| Land Assessment | $67,950 | Total Assessment | $415,800 |
PROPERTY TAXES
Parcel Number
05907-0063
Land Assessment
$67,950
Improvements Assessment
$347,850
Total Assessment
$415,800
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247 73 St | 247 73rd St
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