$1,260,000

413 68th Street, Brooklyn, NY 11220

  • 5,400 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1915
  • Property Lot Size Icon2,291sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $233/sqft
  • Property List Date Icon Listed 6 months ago

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). The projected income upon new lease signing is $145,729, bringing CAP to 8%. There are 11 total bedrooms and 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.

Listing Status:
Active
Listing Office:
Keller Williams Realty Empire : 718-954-8400
MLS ID:
815588
  • Basement: UnfinishedWalk-Out Access
  • A/C: None
  • Heating: Natural Gas

This listing courtesy of Keller Williams Realty Empire

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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