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    413 68Th St New York City, NY 11220

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    For Sale
    $1,260,000

    Six-family building in prime Bay Ridge location with upside potential.

    Lot size:
    0.05 Acres

    Property Features for 413 68Th St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1915

    Source: NYC - Brooklyn Bay RidgeNYC - Brooklyn Bay RidgeNYC - Brooklyn Bay Ridge Agent Jean MarroneJean MarroneJean Marrone

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

    Overview

    Bay Ridge Multifamily Investment Opportunity

    This is an all-brick, six-family building located in Northern Bay Ridge. The property is fully tenanted, with the owner-occupied two-bedroom unit to be delivered vacant. The building offers upside potential for increased returns, as all current two-year leases are set to expire on September 30, 2025. The building dimensions are 20 feet by 90 feet, situated on a 114-foot lot zoned R7B. The interior space encompasses 5,400 square feet. The property is located in a prime area near shopping, dining, and various 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%. Projected income upon new lease signing is $145,729, bringing the capitalization rate to 8%. The building contains a total of 11 bedrooms and 6 bathrooms. Apartments are rent-stabilized, and buyers are responsible for conducting their own due diligence. Showings are available by appointment.
    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
    New York City
    County
    New York
    State
    New York
    Longitude
    -74.022674
    Latitude
    40.6351905

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    FAQs

    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 St New York City, 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 rental income.; - Upside potential with leases expiring 9/30/25, offering opportunity to increase rental income and CAP rate to a projected 8%.; - Prime Northern Bay Ridge location near shopping, dining, and multiple transportation options.
    Request Owner's contact information
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    New York City, 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 New York City, NY 11220
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