Bay Ridge 6-Family
For Sale
$1,299,000
Pending
411 88th Street, Brooklyn, NY 11209
Six-unit building in desirable Bay Ridge neighborhood with income potential.
Property Size5,250 SF
Days on Market642
Property Features for 411 88th Street
General Information
Standard status
Pending
Size
5,250 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$21,400
Building Details
Year Built
1917
Listing Agency:
Keller Williams Realty Empire
Listed By:
Firas Toum · License #10401218208
(718) 954-8400
Source:
Exitrealty
Added: Jan 24, 2025
Changed: Oct 25
Last Checked: Oct 26 at 12:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Empire
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,276
Businesses Nearby
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Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 Street 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.
