This six unit rent stabilized building sits just steps from the R train in the heart of Bay Ridge.


Property

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

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Compass