Bay Ridge Six-Family Brick
413 68th Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property size:
5,400 SFLot size:
0.05 AcresPrice / SF:
$212/SF- Added:
- Jan 23, 2025
- Days on Market:
- 473
- Last Refresh:
- May 11 at 11:06 pm
Property Features for 413 68th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R7B
- Bedrooms
- 11
- Bathrooms
- 6
- Rooms
- Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 10, Bedroom 6, Bedroom 11, Bathroom 5, Bathroom 4, Bedroom 3, Bathroom 6, Bedroom 8, Bedroom 7, Bathroom 1, Bedroom 9, Bedroom 4
- Interior features
- Refrigerator, Stove
- Basement
- Unfinished
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 21584
Building Details
- Number of units
- 6
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent Charles A. Olson License #10491204283 (917) 836-1050
Listing office Keller Williams Realty Empire 8508 3rd Avenue, Brooklyn, NY (718) 954-8400
Listing date Jan 23, 2025
MLS# 488717
Listing URL
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HighLights
- Vacant 2‑bedroom owner‑occupied unit at closing
- Significant upside potential with expiring leases on 9/30/25
- Prime Northern Bay Ridge location near shopping, dining, and transportation
- Well‑maintained, all‑brick 6‑family building
- Strong current rent roll of $123,421/year
- Building size: 20' x 90' on a 114 ft lot with 5,400 interior sq. ft.
Overview
This is an all-brick, six-family building located in Bay Ridge, Brooklyn. The property is fully tenanted, and the owner-occupied 2-bedroom unit will 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 measures 20' x 90' and is situated on a 0.0526-acre lot with R7B zoning. The property features 5,400 square feet of interior space. It is located in prime Northern Bay Ridge, near 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 contains a total of 11 bedrooms and 6 bathrooms. The apartments are rent-stabilized. Buyers are responsible for due diligence.
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
- -74.022595
- Latitude
- 40.635293
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully tenanted six-family building in prime Bay Ridge location.
Where is this apartment building located?
The property is located at 413 68th Street 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 at closing; Significant upside potential with expiring leases on 9/30/25; Prime Northern Bay Ridge location near shopping, dining, and transportation
