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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

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    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.
    (718) 954-8400
    Request Owner's contact information
    413 68Th St Brooklyn, NY 11220
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    Brooklyn, NY 11220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    413 68Th St Brooklyn, NY 11220
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