Buy with Yoreevo
$2,547,020
List Price: $2,599,000
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7407 5th Avenue
House in Bay Ridge •  building info
studio • 1,855ft² $1,401 per ft²
Buy with Yoreevo

$2,547,020

List Price

$2,599,000

Key Details
Days on market
88
Last price change
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Estimated payment
$16,998/mo
Taxes
$2,213/mo
Maintenance
N/A
Description
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.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$2,599,000
Asking Price: $2,599,000
Term
30 Years
Down Payment
$259,000 (10%)
Min: 10% (259,000)
Rate
6.5 %
Mortgage Amount
$2,339,100
Mortgage Payment
$14,785
Taxes
$2,213
Estimated Yoreevo rebate
$51,980
Estimated closing cost
$95,000
Total monthly cost $16,998
Buy your dream home with us and get an estimated $51,980 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Coldwell Banker Reliable R E

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