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Type:
Mixed Use
Sq Ft:
4,614
Units:
Property Description
Investment Property Realty Group (IPRG) is proud to exclusively present 9012 5th Avenue, a rare, free-market mixed-use asset located between 90th and 91st Street in an excellent location in Bay Ridge.
This well-maintained, legacy-owned asset consists of two free-market apartments over a high-visibility ground-floor retail unit, totaling approximately 4,614 SF. The property sits on a 18.83 ft x 103.08 ft lot, with C8-2 zoning and highly coveted Tax Class 1 protection, keeping annual taxes low.
Offered at an attractive $401/SF, the asset delivers a 7.03% cap rate on day one with a 7.35% pro forma cap rate, making this a compelling opportunity for investors seeking yield, upside, and long-term stability.
The property is located just blocks from the Bay Ridge – 95th Street [R] Subway Station, providing easy access to Manhattan, Queens, and the rest
of Brooklyn.
HIGHLIGHTS
- 7.03% Cap Rate Day 1 | 7.35% Pro Forma Cap Rate
- $401/SF – Exceptional value on a prime Bay Ridge retail corridor
- Free-market mixed-use building with strong curb appeal
- Two spacious residential units over a ground-floor retail space
- Located on one of Bay Ridge’s busiest and most walkable commercial strips
- Long-term family ownership
- Protected Tax Class 1 – low annual taxes ($14,329)
- Short walk to Bay Ridge – 95th Street [R] Subway Station
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Block & Lot:
06082-0126
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Neighborhood:
Bay Ridge
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Cross Streets:
90th Street & 92st Street
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Lot Dimensions:
18.83 ft x 103.08 ft
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Units:
3
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Total Approx. SF:
4,614
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Zoning:
C8-2, BR
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FAR:
2.0
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Tax Class:
1
