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Gelfand Realty New York Properties for Sale - Multi Family for Sale

411 88TH ST, BROOKLYN, NY 11209

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Multi Family 11 bedrooms - for Sale

411 88TH ST, BROOKLYN, NY 11209

Asking Price$1,299,000

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  • Days on market:

    290 day(s)

  • Original Price:

    $1,500,000

  • Price per sqft:

    $247.43

  • Property Type:

    Multi Family

  • Total Families:

    6

  • Borough:

    Brooklyn

  • Crossing Street:

    4th Ave

  • Electric Service:

    Other

  • Construction Type:

    Brick

  • Yard:

    Back

  • Roof:

    Flat

  • Foundation:

    Other

  • Heat Delivery:

    Steam/Radiator

  • Basement Amenities:

    Full

Description

$1,299,000 • bedroom(s) • six full bathroom(s) • living size area 5250 sqft

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!

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