413 68Th St Brooklyn, NY 11220

This exceptional Bay Ridge investment property presents a compelling opportunity for savvy investors. The all-brick, six-family building boasts 5,400 square feet of interior space, situated on a 0.05-acre lot (20' x 90' on a 114 ft lot) zoned R7B. Currently fully tenanted, generating a robust annual rental revenue of $123,421 with total expenses of $38,584, resulting in a current capitalization rate of 6.3%. The building features eleven bedrooms and six bathrooms across six units. One owner-occupied 2-bedroom unit will be delivered vacant, offering immediate upside potential. All current leases are two-year agreements expiring September 30, 2025. Projected income upon lease renewal is $145,729, increasing the capitalization rate to 8%. This well-maintained property enjoys a prime Northern Bay Ridge location, providing convenient access to an array of shopping, dining, and diverse transportation options. The apartments are rent-stabilized. Buyers are responsible for conducting their own due diligence. Showings are by appointment only.