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Type:
Mixed UseInvestment Sales
Sq Ft:
4,500
Units:
Property Description
Investment Property Realty Group (IPRG) is pleased to exclusively present the opportunity to acquire 9052 Fort Hamilton Parkway, a free-market mixed-use building located in the heart of Bay Ridge, Brooklyn. The property is situated on Fort Hamilton Parkway between 90th and 92nd Street, in close proximity to the prime 86th Street retail corridor.
The subject property consists of five residential apartments (three 1BR / two 2BR) above one retail storefront. The property benefits from the protected Tax Class 2A designation with low annual taxes. With a current rent roll of $121,800 and a clear path to a proforma income of $181,200, the asset presents nearly 50% upside to market rents at a 7.74% proforma cap rate.
The property is located steps from the 95th Street (R) subway station, providing convenient access to Manhattan and the rest of Brooklyn.
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Block & Lot:
06089-0053
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Neighborhood:
Bay Ridge
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Cross Streets:
90th Street & 92nd Street
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Building Dimensions:
20 ft x 75 ft
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Lot Dimensions:
20 ft x 96.25 ft
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Units:
6
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Total Approx. SF:
4,500
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Zoning:
R5B, BR
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FAR:
1.35
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Tax Class:
2A
