413 68th Street

Brooklyn, NY 11220

$1,150,000

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Beds: 10
Baths: 6
Sq ft: 5,400
Year built: 1915

Listing courtesy of Jean Marrone, Keller Williams Realty Empire

About this home

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.

Details

Property

Type: Multi Family
Style: Prewar, Walk Up
Year built: 1915
Stories: 3
Subdivision: Bay Ridge
County: Kings

Interior

Laundry: See Remarks

Community and fees

Pets: Building Yes, Yes
Annual taxes: $21,584

Neighborhood

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