446 Bay Ridge Pkwy, New York City, NY, 11209

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.<br><br>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.<br><br>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.<br>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.<br><br>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.<br><br>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.<br><br>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.<br>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.<br><br>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.<br><br>Some images are virtually staged for illustrative purposes.