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  2. 411 88th Street
  • 411 88th Street
  • $ 1,425,000
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209

411 88th Street

Bay Ridge   |   4th Ave & 5th Ave

Building For Sale
$ 1,425,000
Ownership Multi-Family
Lot Size 25'x120'
Status Active
Real Estate Taxes [Per Annum] $ 18,007
Building Size 25'x70'
Year Built 1917
ASF/ASM 5,250/488
 

Photos

411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
411 88th Street Bay Ridge Brooklyn NY 11209

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!
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!

Listing Courtesy of Keller Williams Realty Empire

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Hardwood Floors
411 88th Street Bay Ridge Brooklyn NY 11209
411 88th Street Bay Ridge Brooklyn NY 11209

Building Details [411 88th Street]

Ownership Multi-Family
Block/Lot 6050/61
Building Size 25'x70'
Zoning C4-2A
Year Built 1917
Floors 3
Lot Size 25'x120'

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Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 488081