$1,900,000

Rare opportunity to own a multifamily investment property in the highly desirable Bay Ridge neighborhood of Brooklyn. This rent-regulated building will be delivered with five vacant apartments, including four 2-bedroom units and one 1-bedroom unit, giving the next owner the chance to update, lease, and add value from day one. - Bay Ridge continues to be one of Brooklyn's most sought-after neighborhoods because of its strong rental demand, beautiful tree-lined streets, and convenient access to transportation, shopping, dining, and parks. The area attracts tenants looking for a neighborhood feel while still having easy access to Manhattan and other parts of New York City. - Located on a picturesque block lined with classic Brooklyn brownstones, the street is part of an area where the brownstone homes are being considered for historic designation. This proposed designation applies to the brownstone properties and helps preserve the architectural character and charm that make the neighborhood so desirable. The subject property is not a brownstone and is not included in the proposed historic designation. - Commuters will appreciate the nearby subway lines, local and express bus service, NYC Ferry access, the BQE, and the Belt Parkway. Residents can also enjoy Shore Road Park, Owls Head Park, waterfront walking and biking paths, local cafes, restaurants, fitness centers, supermarkets, and a wide variety of neighborhood shops. - Whether you are looking to expand your portfolio, create long-term cash flow, or invest in a property with future upside, this building offers a unique opportunity in one of Brooklyn's most established and desirable communities. Don't miss the chance to own a property with strong potential in a neighborhood known for its charm, convenience, and lasting value.