Bay Ridge Multifamily Investment
For Sale
$1,150,000
413 68th Street New York, Brooklyn, NY 11220
Six-family building in prime Bay Ridge location with upside potential.
Property Size5,400 SF
Lot Size0.05 Acres
Days on Market568
Property Features for 413 68th Street New York
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.05 Acres
Property subtype
Multi-Family
Building Details
Building Size
5,400 SF
Year Built
1915
Stories
3
Listing Agency:
NYC - Brooklyn Bay Ridge
(718) 938-9568
Listed By:
Jean Marrone · License #10401276592
(718) 938-9568
Source:
Kw
Added: Jan 23, 2025
Changed: Aug 9
Last Checked: Aug 13 at 4:41PM
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 NYC - Brooklyn Bay Ridge
Investment Insights
Based on property information with market context.
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.
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 multiple transportation options.
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 - Six-family building in prime Bay Ridge location with upside potential.
Where is this apartment building located?
The property is located at 413 68th Street New York 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 multiple transportation options.
