Property Description
Bay Ridge All-Brick 6-family asset. Fully tenanted, the owner-occupied 2-bedroom will be delivered vacant. Upside potential offers the opportunity for growing returns; all current 2-year leases are set to expire on 9/30/25. The building is 20′ x 90′ on a 114 ft lot zoned R7B. Well-maintained, with 5,400 interior sq. ft. located in prime Northern Bay Ridge near shopping, dining, and multiple transportation options. Current RR is $123,421/yr, with total expenses of $38,584 (current CAP 6.3). Projected income upon new lease signing is $145,729, bringing CAP to 8%. 11 total bedrooms, 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
Features
: Asphalt/tar
Address Map
11220
68th
413
Street
0
W75° 58' 38.6''
N40° 38' 7''
MLS Addon
: Multi-family
6
5
: Refrigerator, Stove
: Hardwood, Tile
117340
Keller Williams Realty Empire
Charles A. Olson
co3684
$0
$0
: Unfinished, Cellar
: Brick
: Active
$21,584
Residential For Sale
413 68th Street, Brooklyn, New York 11220
11 Bedrooms
6 Bathrooms
5,400 Sqft
$1,350,000
Listing ID #488717
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 488717
Price : $1,350,000
Bedrooms : 11
Bathrooms : 6
Square Footage : 5,400 Sqft
Year Built : 0
Lot Area : 2,293 Sqft
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