MLS#815588
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 20
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). 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
Property Type: Commercial -
Basement: Unfinished, Walk-Out Access
Basement: Yes
Cooling: None
Heating: Natural Gas
Lot Size: 0.05 Acres
Taxes: $21,584
Year Built: 1915
Feature Descriptions
Building Area Total: 5400
Days on Site: 460
Exterior: Brick
On Market Date: 2025-01-23
Parcel Number: 05855-0180
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Fort Hamilton High School
Middle School: Jhs 259 William Mckinley
Elementary School: Ps 102 Bayview (The)
School District: Brooklyn 20
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty Empire
Agency Contact: 718-954-8400
Shown By
Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443
413 68th Street | MLS# 815588
This commercial property located at 413 68th Street, Brooklyn, NY 11220 is currently listed for sale with an asking price of $1,150,000. 68th Street is located within the Brooklyn 20 school district. Search Brooklyn real estate on www.cbamhomes.com today.