This six unit rent stabilized building sits just steps from the R train in the heart of Bay Ridge.
| Website: | https://www.nestseekers.com/5091533 |
|---|---|
| Address: | 426 68th Street Brooklyn, NY 11220 |
| Cross street: | 4th Avenue |
| Type: | Low-rise |
| Era: | Post-war |
| Floors: | 3 |
| Ownership: | income-property |
|---|---|
| Rooms: | 20 |
| Bedrooms: | Studio |
Financials
Price:$875,000
Real estate tax:$25,176
Description
This six-unit rent-stabilized building sits just steps from the R train in the heart of Bay Ridge. Each apartment has two spacious bedrooms. Two to three apartments will be delivered vacant, offering immediate flexibility for an investor or owner-user. The current rent roll remains below DHCR guidelines, generating a net operating income of approximately $47,880.
Priced to sell, this property offers a rare combination of stability, steady cash flow, and meaningful upside for an investor seeking a low-risk, low-turnover asset in one of Brooklyn’s most established neighborhoods.
Please email me for current setup.
Amenities
- Voice Intercom
578 Driggs Avenue Brooklyn, NY 11211 Phone: +1 718-302-0900 Fax: +1 718-228-3917 | |
| Listing Courtesy of Compass | |