Welcome to this exceptional 6-family property in Bay Ridge, one of Brooklyn’s most vibrant and desirable neighborhoods. This remarkable building spans approximately 5,250 square feet and sits on a generous 25′ x 120′ lot, offering an excellent opportunity for both homeowners and investors alike. With an annual rental income of over $129,000, this property promises solid returns. Apartment 3F will be vacant at closing and can be leased at the legal rate of $2,356, boosting annual income to $135,000 after two-year lease renewals, delivering a strong 7% return on investment.
The building features five well-maintained 2-bedroom, 1-bath apartments, plus a 1-bedroom unit on the first floor with exclusive access to a private backyard.
Don’t miss this rare chance to own a prime piece of real estate in one of Brooklyn’s most sought-after locations!
- Roof Deck:
- Flat
- Where do you want to live:
- 11209
- Street:
- 88th
- Street Number:
- 411
- Street Suffix:
- Street
- Floor Number:
- 0
- Longitude:
- W75° 58' 16.8''
- Latitude:
- N40° 37' 16''
- Property Sub Type:
- Multi-family
- Baths Full:
- 6
- DOM:
- 73
- Flooring:
- Hardwood
- List Office MLSID:
- 117340
- List Office Name:
- Keller Williams Realty Empire
- List Agent Full Name:
- Firas Toum
- List Agent MLSID:
- ft5236
- Additional Fee:
- $0
- Assessment Fee:
- $0
- Basement Amenities:
- Full
- Exterior:
- Brick
- Status:
- Active
- Tax Amount:
- $18,007
Residential For Sale
411 88th Street, Brooklyn, New York 11209
- Property Type :
- Residential
- Listing Type :
- For Sale
- Listing ID :
- 488081
- Price :
- $1,425,000
- Bedrooms :
- 11
- Bathrooms :
- 6
- Square Footage :
- 5,250 Sqft
- Year Built :
- 1917
- Lot Area :
- 2,474 Sqft
