487 E 93rd Street Brooklyn, NY 11212
New
- Added:
- Apr 10, 2026
- Days on Market:
- 4
- Last Refresh:
- Apr 13 at 12:06 pm
Property Features for 487 E 93rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 3
- Parking features
- Driveway
- Basement
- Storage Space, Finished
- Standard status
- Active
- APN
- 04690-0022
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 11409
Building Details
- Year built
- 1930
- Number of units
- 5
- Building materials
- Brick
Listing agent Steven S. Benshabat (718) 380-2500
Listing office Exit Realty First Choice 80-15 188th Street, Fresh Meadows, NY (718) 380-2500
Listing date Apr 10, 2026
MLS# 983544
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
East Flatbush Multifamily Investment Opportunity
Located in East Flatbush, Brooklyn, this well-maintained four-family property presents an investment opportunity. The property features four independent family units, each with its own entrance. A legally finished three-bedroom basement unit provides additional income potential. The property includes a private backyard. Recent upgrades include a new roof and a new boiler. Situated on a quiet, tree-lined street, the property is close to major transportation routes, shopping, dining, and entertainment. Local schools, parks, and community centers are nearby. The property offers robust rental income potential with five fully separate units. As a free market property, the owner has control over setting rental rates. The current up-to-date rent roll is $122,748 annually without the basement included. The basement performa is currently vacant at $2,500. The annual gross rent roll is $122,748. The net operating income after expenses is $99,361. Taxes are $10,887, insurance is $5,000, water is $3,000, gas (heat & hot water) is $3,000, and electric is $1,500, totaling approximately $23,387 in expenses. The lot size is 30 * 100ft, equating to 0.0689 acres. The property is a two-story walk-up with five units. The property has brand new boiler and plumbing throughout the building. Leases expire in March 2026.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Glossed up collection
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.918373
- Latitude
- 40.655094
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Four family property with legal basement unit in East Flatbush.
Where is this apartment building located?
The property is located at 487 E 93rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High Income Potential: Legal 4‑family with a legal 3‑bedroom basement unit, offering five separate income‑generating units.; Strong NOI: Net Operating Income of $99,361, indicating a potentially high return on investment.; Free Market Property: Allows the owner full control over setting rental rates for competitive pricing and increased income.
