439 83rd St - Apartments FOR SALE


Brooklyn, NY 11209
$1,275,000 USD
917-854-7443
439 83rd St, Brooklyn, NY for Sale
$1,275,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

439 83rd St
Brooklyn, NY 11209


HIGHLIGHTS

  • 6 Spacious Units: Ideal for a mix of single or multi-bedroom layouts, allowing flexible design options.
  • High Vacancy: 90% of the building is vacant, providing a blank canvas for renovations and leasing at current market rates.
  • Prime Location: Close to public transportation, shopping, dining, and parks, making it highly attractive to future tenants.
  • Attractive Amenities Nearby: Minutes from Bay Ridge’s waterfront, scenic Shore Road Park, schools, fitness centers, and community spaces.
  • Strong Market Appreciation & Rental Growth: Bay Ridge has demonstrated steady property value growth.

OVERVIEW

This 6-unit building, located in the heart of one of Brooklyn's most sought-after areas, offers an incredible opportunity for investors and developers alike. With 90% of the units currently vacant, this property provides unparalleled flexibility for renovations and customization, allowing you to transform these units into modern, high-demand living spaces. Nestled in the thriving community of Bay Ridge, this property enjoys proximity to vibrant shopping districts, popular dining establishments, and convenient access to public transportation, ensuring a high quality of life for future tenants. There's endless potential to reimagine the interiors to meet modern standards or create unique layouts tailored to maximize rental income. Bay Ridge is known for its charm, accessibility, and steady appreciation in property values, making this an excellent long-term investment. Priced competitively at $1.275 million, this property represents exceptional value for savvy investors ready to seize the opportunity to capitalize on Brooklyn's booming real estate market. Whether you are looking to renovate and lease, or reimagine the property as a stunning development, this building has the potential to deliver significant returns. Don't miss out on this golden opportunity to bring your vision to life. For inquiries or to schedule a viewing, call (917) 854-7443 today.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

6

PRICE/UNIT

$212,500

CAP RATE

Request Cap Rate

% LEASED

17%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,004 SF

ZONING

R4-1

APN/PARCEL ID

06008-0068

ASK ABOUT THIS PROPERTY

Katherine IngravalloCOE Property Management ServicesMore Info
917-854-7443

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Katherine IngravalloCOE Property Management ServicesMore Info
917-854-7443

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