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$ 1,299,000
Est. payment /mo
Active
411 88th ST Brooklyn, NY 11209
11 Beds
6 Baths
5,250 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,250 sqft
Price per Sqft $247
MLS Listing ID 488081
Bedrooms 11
Full Baths 6
Year Built 1917
Annual Tax Amount $21,400
Lot Dimensions 2474
Property Sub-Type Multi-Family
Property Description
Welcome to this exceptional 6-family property in Bay Ridge, one of Brooklyn's most vibrant and desirable neighborhoods. This remarkable building spans approximately 5,250 square feet and sits on a generous 25' x 120' lot, offering an excellent opportunity for both homeowners and investors alike. With an annual rental income of over $129,000, this property promises solid returns. Apartment 3F will be vacant at closing and can be leased at the legal rate of $2,356, boosting annual income to $135,000 after two-year lease renewals, delivering a strong 7% return on investment.
The building features five well-maintained 2-bedroom, 1-bath apartments, plus a 1-bedroom unit on the first floor with exclusive access to a private backyard.
Don't miss this rare chance to own a prime piece of real estate in one of Brooklyn's most sought-after locations!
The building features five well-maintained 2-bedroom, 1-bath apartments, plus a 1-bedroom unit on the first floor with exclusive access to a private backyard.
Don't miss this rare chance to own a prime piece of real estate in one of Brooklyn's most sought-after locations!
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning C4-2A
Rooms
Basement Full
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Flat
Handicap Access Unknown
Building
Story 3
Foundation Other
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Keller Williams Realty Empire
Nearby Locations