About 413 68th Street
Bay Ridge All-Brick 6-family asset. Fully tenanted, the owner-occupied 2-bedroom will be delivered vacant. Upside potential offers the opportunity for growing returns; all current 2-year leases are set to expire on 9/30/25. The building is 20' x 90' on a 114 ft lot zoned R7B. Well-maintained, with 5,400 interior sq. ft. located in prime Northern Bay Ridge near shopping, dining, and multiple transportation options. Current RR is $123,421/yr, with total expenses of $38,584 (current CAP 6.3). The projected income upon new lease signing is $145,729, bringing CAP to 8%. There are 11 total bedrooms and 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
Features of 413 68th Street
| MLS® # | 815588 |
|---|---|
| Price | $1,260,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,400 |
| Acres | 0.05 |
| Year Built | 1915 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 413 68th Street |
|---|---|
| City | Brooklyn |
| County | Kings (Brooklyn) |
| State | NY |
| Zip Code | 11220 |
Additional Information
Listing Details
| Office | Keller Williams Realty Empire |
|---|---|
| Office Contact | 718-954-8400 |