Property photo 1
5,400 sqft

$1,150,000

413 68th Street, Brooklyn NY, 11220

Price per sqft$212.96
Built in1915
Property size5,400 sqft
Property typeCommercial
Courtesy of Keller Williams Realty Empire, Charles A. Olson Listing Contact: 718-954-8400

Overview

Active

Listed Jan 23, 2025

Updated Aug 21

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

MLS® ID
815588

Interior Features

Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.05 Acres

Other Property Details

Taxes
$21,584
Tax Frequency
Annually

Also listed on REBNY

Listings courtesy of OneKey MLS as distributed by MLS GRID

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