413 68Th St Brooklyn, NY 11220
Fully tenanted 6-family building with upside potential in Bay Ridge.
Lot size:
0.05 AcresProperty Features for 413 68Th St
General Information
- Lot size
- 0.05 Acres
Source:
Elliman
Listing Agent: Jean Marrone
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Bay Ridge 6-Family Brick Building
This is an all-brick 6-family building located in Bay Ridge. The property is fully tenanted, with the owner-occupied 2-bedroom unit to be delivered vacant. There is upside potential for growing returns, as all current 2-year leases are set to expire on 9/30/25. The building dimensions are 20' x 90' on a 114 ft lot, zoned R7B. The building is well-maintained and features 5,400 interior sq. ft. It is situated in prime Northern Bay Ridge, close to shopping, dining, and multiple transportation options. The current registered rent is $123,421 per year, with total expenses of $38,584, resulting in a current capitalization rate of 6.3%. The building includes a total of 11 bedrooms and 6 bathrooms. Apartments are rent-stabilized.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.022553
- Latitude
- 40.635282
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully tenanted 6-family building with upside potential in Bay Ridge.
Where is this apartment building located?
The property is located at 413 68Th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: - Vacant 2-bedroom owner-occupied unit allows for immediate occupancy or market-rate rental.; - High-demand location in prime Northern Bay Ridge near shopping, dining, and transportation.; - Significant upside potential with all leases expiring 9/30/25, allowing for increased rental income.