Brooklyn Multifamily Investment
411 88th Street, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
Property size:
5,250 SFLot size:
0.06 AcresPrice / SF:
$247/SF- Added:
- Dec 16, 2024
- Days on Market:
- 509
- Last Refresh:
- May 9 at 5:06 pm
Property Features for 411 88th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C4-2A
- Bedrooms
- 11
- Bathrooms
- 6
- Rooms
- Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 11, Bedroom 6, Bedroom 9, Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 6, Bedroom 10, Bathroom 2, Bedroom 7, Bathroom 3
- Basement
- Full
- Standard status
- Active
- Size
- 5,250 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 21400
Building Details
- Year built
- 1917
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Firas Toum (917) 836-1050
Listing office Keller Williams Realty Empire 8508 3rd Avenue, Brooklyn, NY (718) 954-8400
Listing date Dec 16, 2024
MLS# 488081
Listing URL
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HighLights
- High annual rental income of over $129,000 with potential to reach $135,000.
- Enjoy a strong 7% return on investment after leasing vacant unit 3F.
- Located in the desirable Bay Ridge neighborhood of Brooklyn.
- Six‑family building spanning approximately 5,250 square feet on a 25' x 120' lot.
- Five well‑maintained 2‑bedroom, 1‑bath apartments.
- One 1‑bedroom unit with exclusive access to a private backyard.
Overview
Located in the Bay Ridge neighborhood of Brooklyn, this multifamily property contains six units. The building spans approximately 5,250 square feet on a 25-foot by 120-foot lot. The property features five 2-bedroom, 1-bath apartments, along with a 1-bedroom unit on the first floor that includes private backyard access. The property generates an annual rental income of over $129,000. One apartment will be vacant at closing and can be leased at the legal rate of $2,356. The zoning is C4-2A.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.028493
- Latitude
- 40.6212
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit building in Bay Ridge with strong 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: High annual rental income of over $129,000 with potential to reach $135,000.; Enjoy a strong 7% return on investment after leasing vacant unit 3F.; Located in the desirable Bay Ridge neighborhood of Brooklyn.
