Bay Ridge Multifamily Investment
For Sale
$1,150,000
413 68th St, Brooklyn, NY 11220
All-brick 6-family building in prime Bay Ridge location.
Property Size5,400 SF
Lot Size0.05 Acres
Price / SF$212.96
Days on Market153
Property Features for 413 68th St
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$21,584
Building Details
Building Size
5,400 SF
Year Built
1915
Units
6
Listing Agency:
Keller Williams Realty Empire
(718) 954-8400
Listed By:
Charles A. Olson · License #10491204283
(718) 954-8400
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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
Investment Insights
Based on property information with market context.
This is an all-brick, 6-family building located in Northern Bay Ridge. The property is fully tenanted, with one owner-occupied 2-bedroom unit to be delivered vacant. The building offers upside potential for increased returns, with all current 2-year leases expiring on 9/30/25. The building dimensions are 20' x 90' on a 114 ft lot, zoned R7B, and contains 5,400 interior sq. ft. The property is well-maintained and situated near shopping, dining, and multiple transportation options. There are a total of 11 bedrooms and 6 baths. The current rent roll is $123,421 per year, with total expenses of $38,584, resulting in a current CAP rate of 6.3%. The projected income upon new lease signing is $145,729, which would bring the CAP rate to 8%. The apartments are rent-stabilized, and buyers are responsible for due diligence.
Key Highlights
- 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 transportation.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - All-brick 6-family building in prime Bay Ridge location.
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 $1,150,000.
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 transportation.
