411 88th St - Apartments FOR SALE


Brooklyn, NY 11209- Bay Ridge
$1,500,000 USD
347-515-0647
411 88th St, Brooklyn, NY for Sale
$1,500,000 USD
Apartments - FOR SALE
1/8
null | 6.1% Cap Rate

411 88th St
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • Great Location, Near Train and 86 St Shopping District

OVERVIEW

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 $122,000, this property promises solid returns. Apartment 3F will be vacant at closing and can be leased at the legal rate of $2,300, boosting annual income to $138,000 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!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,734 SF

ZONING

C4-21

APN/PARCEL ID

06050-0061

ASK ABOUT THIS PROPERTY

Firas ToumKeller Williams Realty EmpireMore Info
347-515-0647

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Firas ToumKeller Williams Realty EmpireMore Info
347-515-0647

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.