413 68th ST Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11220
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY815588
Originating Board onekey2
Rental Info No
Year Built 1915
Annual Tax Amount $21,584
Lot Size 2,291 Sqft
Acres 0.0526
Property Sub-Type Multi Family
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 Fort Hamilton High School
School District Brooklyn 20
Others
Special Listing Condition None