For Sale
$1,195,000

446 Bay Ridge Pkwy Brooklyn, NY 11209

Prime Brooklyn investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional three-story, 2,000 square foot mixed-use building at 446 Bay Ridge Parkway in Brooklyn, NY (zip code 11209) presents a compelling investment opportunity. Originally constructed in 1909 as a residential townhouse, the property is currently configured as a three-unit commercial building situated on historic Doctor's Row in the highly desirable Bay Ridge neighborhood. The building boasts two occupied medical offices: a ground floor podiatrist's office featuring a waiting room, reception area, three exam rooms, lab space, doctor's office, and storage; and a second-floor chiropractic office with a reception and treatment area (potentially divisible into separate rooms) and two additional offices. A vacant, turnkey two-bedroom residential unit occupies the third floor, complete with high ceilings, abundant natural light, and original inlaid wood floors. The vacant unit presents a significant upside potential, with renovations mirroring those in adjacent properties likely to yield substantial revenue increases. The property's location between 5th Avenue's retail corridor and the residential areas of 4th Avenue ensures a strong consumer base. This versatile asset offers immediate cash flow and significant long-term growth potential, making it ideal for investors seeking portfolio expansion or end-users aiming to transition from renters to landlords. The property's mixed-use nature also presents potential tax benefits for owner-occupants. Note that some images may be virtually staged.

Highlights

  • Asking Price: $1,195,000
  • Mixed-use property totaling 2,000 square feet
  • Three-unit building: two medical offices (currently occupied) and one vacant two-bedroom residential unit
  • Located in desirable Bay Ridge, Brooklyn, NY, on historic Doctor's Row
  • Potential for conversion to a single-family residential home.

Property Details for 446 Bay Ridge Pkwy

Property type
Mixed-use properties
Square Feet
2,000 SF

Location Insight

City
Brooklyn
County
36047
State
New York
Latitude
40.6300107
Longitude
-74.0239471

FAQs

What type of property is this?
Mixed-use property - Prime Brooklyn investment opportunity.
Where is the mixed-use property located?
The property is located at 446 Bay Ridge Pkwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Asking Price: $1,195,000; Mixed-use property totaling 2,000 square feet; Three-unit building: two medical offices (currently occupied) and one vacant two-bedroom residential unit
How can I contact the broker?
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446 Bay Ridge Pkwy
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