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413 68Th St Brooklyn, NY 11220

For Sale
$1,350,000

Prime Bay Ridge location, high rental income potential.

Property size:
5,400 SF

Description

Added:
Feb 3, 2025
Days on Market:
313
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.

Property Features for 413 68Th St

General Information

Property type
Other commercial real estate
Square Feet
5,400 SF
Lot Size
2,178 SF

Building Details

Year Built
1915

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Longitude
-74.0226
Latitude
40.63528

FAQs

What type of property is this?
Commercial real estate - Prime Bay Ridge location, high rental income potential.
Where is this commercial real estate located?
The property is located at 413 68Th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
More about this property
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