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413 68Th St Brooklyn, NY 11220

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For Sale
$1,260,000

Fully tenanted 6-family building with upside potential in Bay Ridge.

Lot size:
0.05 Acres

Property 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

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
State
New York
Longitude
-74.022553
Latitude
40.635282

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.
More about this property
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