413 68th ST, Brooklyn, NY 11220
$1,150,000
Est. payment /mo
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2,291 Sqft Lot
Active

413 68th ST Brooklyn, NY 11220

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Cynthia McKenna

Cynthia McKenna

+1(631) 278-6987

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Bay Ridge

MLS Listing ID 815588

Rental Info No

Year Built 1915

Annual Tax Amount $21,584

Lot Size 2,291 Sqft

Acres 0.0526

Property Sub-Type Multi Family

Source onekey2

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.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Unfinished, Walk-Out Access

Interior

Heating Natural Gas

Cooling None

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 102 Bayview (The)

Middle Schools Jhs 259 William Mckinley

High Schools Brooklyn 20

School District Brooklyn 20

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Keller Williams Realty Empire • Charles A. Olson

Nearby Locations

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Cynthia McKenna
Cynthia McKenna

Broker Associate | License ID: 10301215748 NY

+1(631) 278-6987 | cyndimckenna1@gmail.com

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413 68th ST