About 7407 5th Avenue
Exceptional opportunity to acquire a fully leased mixed-use building in the heart of Bay Ridge, one of Brooklyn’s most sought-after neighborhoods. This four-story property sits on a 20 x 89 lot and features a 20 x 75 building footprint, maximizing usable space across all levels. The asset includes a high-visibility retail storefront on the ground level, currently occupied by a long-term commercial tenant, and seven residential apartments above—each with updated leases and strong in-place income. The unit mix offers a range of layouts that appeal to the area’s rental demand, ensuring consistent cash flow and minimal vacancy. Located near public transportation, retail, dining, and everyday conveniences, the building enjoys excellent foot traffic and local amenities. With gross annual income exceeding $206,000, this investment provides immediate returns and long-term growth potential for investors seeking durable income in a prime Bay Ridge location. Prime Bay Ridge location surrounded by shops, restaurants, and easy access to public transportation. High foot traffic and vibrant neighborhood charm.
Features of 7407 5th Avenue
| MLS® # | 858608 |
|---|---|
| Price | $2,599,000 |
| Bathrooms | 0.00 |
| Square Footage | 6,000 |
| Acres | 0.04 |
| Year Built | 1936 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 7407 5th Avenue |
|---|---|
| City | Brooklyn |
| County | Kings (Brooklyn) |
| State | NY |
| Zip Code | 11209 |
Additional Information
Listing Details
| Office | Coldwell Banker Reliable R E |
|---|---|
| Office Contact | 718-921-3100 |