Bay Ridge Multifamily Investment
For Sale
$1,150,000
413 68th Street New York, Brooklyn, NY 11220
Six-family building in prime Bay Ridge location with upside potential.
Property Size5,400 SF
Lot Size0.26 Acres
Price / SF$212.96
Days on Market616
Property Features for 413 68th Street New York
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.26 Acres
Property subtype
Multi-Family
Building Details
Building Size
5,400 SF
Year Built
1915
Stories
3
Listing Agency:
NYC - Brooklyn Bay Ridge
Listed By:
Jean Marrone · License #10401276592
(718) 938-9568
Source:
Kw
Added: Jan 23, 2025
Changed: Oct 1
Last Checked: Oct 1 at 8:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NYC - Brooklyn Bay Ridge
Investment Insights
Based on property information with market context.
This is an all-brick, six-family building located in the northern part of Bay Ridge. The property is fully tenanted, and the owner-occupied two-bedroom unit will be delivered vacant. The building, measuring 20 feet by 90 feet, is situated on a 114-foot lot and is zoned R7B. The property is well-maintained and features 5,400 square feet of interior space. It is located near shopping, dining, and multiple transportation options. There are a total of 11 bedrooms and 6 bathrooms. All current two-year leases are set to expire on 9/30/25, offering potential for increased returns. The current rent roll is $123,421 per year, with total expenses of $38,584, resulting in a current capitalization rate of 6.3%. The projected income upon new lease signing is $145,729, which would bring the capitalization rate to 8%. Apartments are rent-stabilized.
Key Highlights
- Vacant 2‑bedroom owner‑occupied unit allows for immediate occupancy or rental income.
- Upside potential with leases expiring 9/30/25, projecting an increased CAP rate to 8% with new lease signings.
- Prime Northern Bay Ridge location near shopping, dining, and transportation.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-family building in prime Bay Ridge location with upside potential.
Where is this apartment building located?
The property is located at 413 68th Street New York Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Vacant 2‑bedroom owner‑occupied unit allows for immediate occupancy or rental income.; Upside potential with leases expiring 9/30/25, projecting an increased CAP rate to 8% with new lease signings.; Prime Northern Bay Ridge location near shopping, dining, and transportation.
