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411 88th Street, Brooklyn, New York, New York 11209

$1,425,000
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Property Details

Beds: 11 Baths: 6 Rooms: 18 Neighborhood: Bay Ridge Tax Amount: $18007.00 MLS Number: 488081 Bldg Size: 25 x 70 Lot Size: 25 x 120 Lot SqFt: 2474

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!

Property Type Residential

Property Status: Active

Property Features None

Dalia Samouha

Real Estate Broker

Cell: 718.687.7576

Email: [email protected]

Instagram: @idealpropertiesrealty

Location

411 88th Street, Brooklyn, New York, New York 11209