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    411 88Th St Brooklyn, NY 11209

    For Sale
    $1,299,000

    Six-unit building in desirable Bay Ridge neighborhood with income potential.

    Lot size:
    0.06 Acres

    Property Features for 411 88Th St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1917

    Source: Keller Williams Realty Empire Agent Firas Toum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bay Ridge 6-Family Property

    Located in Bay Ridge, Brooklyn, this 6-family property offers an investment opportunity. The building, spanning approximately 5,250 square feet, is situated on a 25' x 120' lot. It currently generates an annual rental income of over $129,000. The property features five 2-bedroom, 1-bath apartments, along with a 1-bedroom unit on the first floor that includes private backyard access. Apartment 3F will be vacant at closing and can be leased at the legal rate of $2,356, boosting annual income to $135,000 after two-year lease renewals.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    State
    New York
    Longitude
    -74.028462
    Latitude
    40.621188

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    FAQs

    What type of property is this?
    Apartment building - Six-unit building in desirable Bay Ridge neighborhood with income potential.
    Where is this apartment building located?
    The property is located at 411 88Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity in Bay Ridge with a strong 7% return on investment after leasing vacant unit.; - Annual rental income of over $129,000, with potential to increase to $135,000.; - Six-family building with five 2-bedroom, 1-bath apartments.
    (718) 954-8400
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    411 88Th St Brooklyn, NY 11209
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    Brooklyn, NY 11209
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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
    411 88Th St Brooklyn, NY 11209
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