413 68th Street, Brooklyn, NY, 11220
$1,350,000
Multi Family
Commercial
Details
ML#: 815588
- # of Families: 6
- Sale or Rent:Sale
- Year Built: 1915
- Taxes: $21,584
- Status:Active
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.
More Property Details
Lot Size: 0.0526
Lot Sq Ft: 2293
Heat: Natural Gas
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $21,584
School District: Ps 102 Bayview (The)
Zoning: R5B
Listing Information provided courtesy of
Keller Williams Realty Empire
718-954-8400