East Flatbush Multifamily Investment
487 E 93rd Street, Brooklyn, NY 11212
- Added:
- Apr 10, 2026
- Days on Market:
- 43
- Last Refresh:
- May 22 at 6:06 pm
Property Features for 487 E 93rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 3
- Parking features
- Driveway
- Basement
- Storage Space, Finished
- Standard status
- Active
- APN
- 04690-0022
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 11409
Building Details
- Year built
- 1930
- Number of units
- 5
- Building materials
- Brick
Listing agent Steven S. Benshabat (718) 380-2500
Listing office Exit Realty First Choice 80-15 188th Street, Fresh Meadows, NY (718) 380-2500
Listing date Apr 10, 2026
MLS# 983544
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Legal 4‑family property with a legal 3‑bedroom basement unit, providing 5 income‑generating units.
- High Net Operating Income (NOI) of $99,361.
- Free market property, allowing full control over rental rates.
- Recent upgrades include a new roof and a new boiler, reducing future maintenance costs.
- Located in East Flatbush, a high‑demand rental market with strong occupancy rates.
- Annual gross rent roll of $122,748 (excluding basement).
Overview
Located in East Flatbush, Brooklyn, this well-maintained four-family property presents an investment opportunity. The property features four spacious and independent family units, each with its own entrance. A legally finished basement unit adds a fifth income-generating residence. A private backyard provides space for outdoor activities. Recent upgrades include a new roof and a new boiler. The property is located on a quiet, tree-lined street, with access to transportation routes, shopping, dining, and entertainment. Proximity to local schools, parks, and community centers adds to the appeal for tenants. The property is a free market property, allowing control over setting rental rates. The lot size is 30 * 100ft. The building has new plumbing throughout. The property has five units in a two-story walk-up building. The current rent roll is $122,748 annually (without the basement included). The basement is currently vacant with a performa of $2,500. The annual gross rent roll is $122,748. The net operating income after expenses is $99,361. Leases expire in March 2026.
Property Profile
Location Intelligence
Current Use by Public Records
Glossed up collection
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.918373
- Latitude
- 40.655094
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Legal 4-family with finished basement in prime Brooklyn location.
Where is this apartment building located?
The property is located at 487 E 93rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal 4‑family property with a legal 3‑bedroom basement unit, providing 5 income‑generating units.; **High Net Operating Income (NOI) of $99,361.**; Free market property, allowing full control over rental rates.
