446 Bay Ridge Parkway

$1,195,000
Price
2
Beds
1
Bath
2,480 Sq. Ft.
$482 / Sq. Ft.
2,480
Sq. Ft.
$482
per Sq. Ft.

Description

Platinum Properties is proud to present 446 Bay Ridge Parkway on historic Doctor’s Row. This is a tremendous value-add opportunity. It is located in one of Brooklyn’s most desired neighborhoods, Bay Ridge. This three-story, three-unit property features two medical offices and one two-bedroom residential unit. The offices are both occupied by stable tenants with soon-expiring leases. The residential unit is vacant, turnkey, and ready for immediate occupancy. The first floor is occupied by a podiatrist....Platinum Properties is proud to present 446 Bay Ridge Parkway on historic Doctor’s Row. This is a tremendous value-add opportunity. It is located in one of Brooklyn’s most desired neighborhoods, Bay Ridge. This three-story, three-unit property features two medical offices and one two-bedroom residential unit. The offices are both occupied by stable tenants with soon-expiring leases. The residential unit is vacant, turnkey, and ready for immediate occupancy. The first floor is occupied by a podiatrist. It features a waiting room with a reception area, three exam rooms, lab space, one doctor’s office, and storage area. The second floor is occupied by a chiropractor. It is currently configured with an open layout, it has a reception and treatment area which can be divided into separate treatment rooms. This floor has an extension and has two offices, and an X-ray room. The third floor is a residential unit. It possesses high ceilings, incredible light throughout, and original inlaid wood floors. Renovations to residential in adjacent properties have proven that modest upgrades to floor three would generate a significant revenue increase. This is a versatile asset for a savvy investor seeking to both immediate cash flow and acquire an asset with a huge upside. An owner looking to place their business in the building will be well positioned for a bevy of tax benefits. There’s also the opportunity to convert to the original configuration of an owner-occupied townhouse above and office along this historic street. Conveniently located between the bustling retail corridor of 5th Avenue and densely populated residential buildings along 4th Avenue, the location comes with a strong consumer base nearby. Given the increased overall demand in Bay Ridge for mixed-use properties, 446 Bay Ridge Parkway presents a great opportunity for investors to expand a portfolio or for an end user seeking to stop paying rent and start collecting it. Do not miss out on this exceptional chance to acquire a high-potential asset in a sought-after area. Contact us today to learn more about this incredible investment opportunity. Some images are virtually staged for illustrative purposes.

Property Details for 446 Bay Ridge Parkway

Zoning
R5B
View
City
Architectural Style
Prewar
LISTING UPDATED: 10/31/2024 03:53 PM

Property Details for 446 Bay Ridge Parkway

StatusActive
MLS IDOLRS-0098063
Days on Market29
Taxes$1,381 / month
Maintenance-
Min. Down Pymt-
Total Rooms6.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1910
Lot Size2,000 SF / 20' x 100'
CountyKings County

Building

446 Bay Ridge Pkwy

2 Units2 StoriesBuilt in 1910

Building Information for 446 Bay Ridge Parkway

Stories2Residences2Year Built1910Lot Size2,000 SF / 20' x 100'Building Age-Building Type-

Property Information for 446 Bay Ridge Parkway

Summary
Location and General Information
  • Subdivision Name: Bay Ridge
  • Cross Street: Bay Ridge Parkway/4th Avenue
  • Stories Total: 3
Taxes and HOA
  • Tax Lot: 25
  • Tax Block: 5941
  • Building Tax Lot: 25
  • Tax Abatement YN: false
Parking
  • Garage: No
Property
Lot Information
  • Living Area: 2480.0
  • Building Area Total: 2480.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 20.00 x 100.00
  • Living Area Units: SquareFeet
  • Foundation Area: 2700.0
Building Information
  • Building Laundry Features: SeeRemarks
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Certificate Of Occupancy: Yes
  • Common Interest: None
  • New Construction: No
  • Structure Type: WalkUp
  • Property Condition: Good
Interior and Exterior Features
Interior Features
  • Cooling: Other
  • Cooling: Yes
  • ElevatorsTotal: 0
  • Size Dimensions: 10.00 x 45.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Delivered Vacant: Yes
  • Attendance Type: None

Property History for 446 Bay Ridge Parkway

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 446 Bay Ridge Parkway

This home is within Nyc Geog District #20 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 127 Mckinley Park
PublicK to 5

Is 30 Mary White Ovington
PublicK to 8

Fort Hamilton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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446 Bay Ridge Parkway is a mixed use property for sale in Bay Ridge. This property was listed for sale on October 22, 2024 by Platinum Properties, it's currently listed at $1,195,000. This listing's school district is Nyc Geog District #20 - Brooklyn. Nearby schools include P.S. 127 Mckinley Park, Is 30 Mary White Ovington and Fort Hamilton High School. 446 Bay Ridge Parkway is a 2-bed, 1-bath, 2,480 sqft mixed use property built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Platinum Properties

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.