Bay Ridge All Brick 6 family asset.


Property

Website:https://www.nestseekers.com/4111473
Address:
413 68th Street
New York, NY 11220
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,150,000
Annual Taxes:$21,584
Real estate tax:$21,584

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.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Keller Williams Realty Empire