413 68th Street, Brooklyn, NY 11220
- $1,150,000
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- 815588
- Price Change
- ▼ $110,000 1772606546
- Year Built
- 1915
- Days on Market
- 649
- Acres
- 0.05
- County
- Brooklyn
- City Orig
- Brooklyn
- Lot Size
- 2293
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.
Additional Information
- Heating
- Natural Gas
- Cooling
- None
- Sewer
- Public Sewer
- Elementary School
- Ps 102 Bayview (The)
- Middle School
- Jhs 259 William Mckinley
- High School
- Fort Hamilton High School
- School District
- Brooklyn 20
- Sq Ft
- 2293
- Taxes
- $21,584
- Water
- Public
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Listing courtesy of Listing Agent: Charles A. Olson (charles@runnyc.com) from Listing Office: Keller Williams Realty Empire.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.