444 68Th St Brooklyn, NY 11220

Property Details for 444 68Th St

Year built

1931

Lot size

0.06 lot acres

Property size

5,250 SF

Zone code

R5B

Property type

Apartment buildings

APN

05864-0025

APU

58640025

Description

This exceptional investment opportunity presents a well-maintained six-unit apartment building situated in the desirable Bay Ridge neighborhood of Brooklyn, New York. The property, located at 444 68th Street, boasts a total of 5,250 square feet across three stories, with a net rentable area of 35,078 square feet. Built in 1931, this Class C multifamily building sits on a 2,500 square foot lot and is zoned R5B. Each of the six units offers substantial living space, contributing to a strong rental income stream. The asking price is $1,250,000, translating to $238.10 per square foot and $208,333.33 per unit. Its convenient location provides easy access to local shops, restaurants, and public transportation, specifically the R train, ensuring high tenant demand and occupancy rates. This property represents a compelling investment prospect for those seeking a stable and potentially lucrative return in a thriving Brooklyn community. The building's solid construction and established rental history make it an attractive option for both seasoned investors and those new to the multifamily market. This is a rare opportunity to acquire a well-positioned, income-generating asset in a highly sought-after area.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-74.0221

Latitude

40.6345

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments