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.
Property Features
Utilities
Natural Gas Available
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Basement
Unfinished
Walk-Out Access
Cooling Information
None
Heating Information
Natural Gas
Water Features
Public
School Information
School Information for 413 68th Street, Brooklyn, NY 11220
Elementary School
Ps 102 Bayview (The)
Middle School
Jhs 259 William Mckinley
High School
Fort Hamilton High School
Listing Courtesy: Keller Williams Realty Empire - 718-954-8400