413 68th Street
Bay Ridge | 4th Avenue & 5th Avenue
Ownership
Income Property
Lot Size
20'x115'
Floors/Apts
3/6
Status
Active
Real Estate Taxes
[Per Annum]
$ 21,584
Building Type
Low-Rise
Building Size
20'x90'
Year Built
1915
ASF/ASM
5,400/502
Property Description
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). Projected income upon new lease signing is $145,729, bringing CAP to 8%. 11 total bedrooms, 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
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). Projected income upon new lease signing is $145,729, bringing CAP to 8%. 11 total bedrooms, 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
Listing Courtesy of Keller Williams Realty Empire
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Apartment Features
A/C
Building Details [413 68th Street]
Ownership
Income Property
Service Level
Voice Intercom
Access
Walk-up
Block/Lot
5855/180
Building Size
20'x90'
Zoning
R5B
Building Type
Low-Rise
Year Built
1915
Floors/Apts
3/6
Lot Size
20'x115'
Building Amenities
Outdoor Parking
Stoop Entry
Mortgage Calculator in [US Dollars]
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
