7127 5Th Ave Brooklyn, NY 11209

This exceptional mixed-use property, located at 7127 5th Avenue in Brooklyn, New York, presents a compelling investment opportunity. The building, a four-story structure situated on a 2,008 square foot lot, encompasses seven residential units and one commercial space. Six of the residential units are rent-stabilized, offering predictable income streams, while one is a free-market unit. All residential units have undergone recent renovations, boasting modern finishes and amenities. Common areas and utilities have also been updated within the last five years. The commercial space is currently occupied by a doctor's office, with leases extending into 2024 and 2025, ensuring consistent rental income and low turnover. The property is classified as a 2B Tax Class, providing tax increase limitations. Its location in desirable Bay Ridge offers residents convenient access to numerous amenities, including the Alpine Cinema, Gino's Restaurant, and several parks such as Lief Erickson Park, McKinley Park, and Owl's Head Park. Excellent public transportation is readily available via the nearby Bay Ridge Avenue R train station and the B63 bus route, along with easy access to major highways like the Gowanus Expressway and Belt Parkway. This turnkey property, zoned R6B, is offered at $2,150,000 and is suitable for a 1031 exchange. The strong cash flow potential and prime retail corridor location make this an attractive investment for discerning buyers.