272 79th Street Brooklyn NY 11209 MLS #495611

Located in the heart of Bay Ridge, this fully attached Brick six-family brick building offers an exceptional investment opportunity with strong, stable income and room for long-term appreciation. Spanning over 4,600 square feet, the building sits on a 20-foot by 110-foot lot, with an impressive footprint of 20 feet by 77 feet .

The layout includes six units. There are two spacious two-bedroom apartments, which are 2F and 3F. The other units arefour one-bedroom apartments. Each apartment has its own bathroom, and there&#39's an additional bathroom in the basement, making a total of seven bathrooms in the building. The units are fully rented with reliable tenants in place, and the property is well maintained. Basement can be used as storage space as well.

The financials are strong. The building generates over $130,000 in annual income, with yearly expenses of approximately $40,000. Of that, $22,000 accounts for property taxes. The result is a cap rate approaching 7%, offering investors a solid return in a highly sought-after area.

One of the unique highlights of this property is the rooftop, which offers beautiful, serene views — a peaceful escape.

This is a substantial, income-producing asset in one of Brooklyn’s most desirable residential neighborhoods. Whether you&#39're a seasoned investor or looking to enter the market with a solid, low-maintenance property, this building checks all the right boxes.

Building will be delivered with 2 vacancies

Reach out today to learn more or schedule a private showing.

Expenses are as follows: Electric is $600 per year. Insurance is $4,700 per year. Water is $7,700 per year. Heat is $5,000 per year. Taxes are $22,000 per year.



Rent rolls are :

1F- $1,982 (potential vacancy at close)

1R- $1,750

2F- $1,500

2R- $1,315.63 (potential vacancy at close)

3F- Can be rented for $2,250 but is currently owner occupied (vacant at closing)

3R- $1,250 (potential vacancy)