Bay Ridge Real Estate

411 88th Street, Bay Ridge, NY 11209

[Bay Ridge Real Estate, listing number 7098192]



Description: 7098192
   Welcome to this exceptional 6-family property in Bay Ridge, one of Brooklynâ??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. Donâ??t miss this rare chance to own a prime piece of real estate in one of Brooklyn`s most sought-after locations!

Details:
   Families: 6
   Bedrooms: 11
   Bathrooms: 6
   Property Type: Multi-Family
   Rooms: 18
   Lot Size: 2474
   Built: 1917

Financials:
   Price: $1,500,000

 

Keller Williams Realty Empire
Firas Toum
Office: (718)954-8400

email: ft@brooklynproperty.com
provided by Brooklyn Bd of Realtors


 

Keller Williams Realty Empire
Firas Toum
Office: (718)954-8400

email: ft@brooklynproperty.com
provided by Brooklyn Bd of Realtors