Master on Main
Address
419 68 Street Brooklyn, NY
Price
$ 1,399,000
Property Attributes
  • MLS#449518
  • TypeMulti-Family
  • CountyKINGS
  • CityBrooklyn
  • AreaBrooklyn
  • NeighborhoodBay Ridge
  • Zip11220
  • StyleMulti-Family
  • Taxes17295
  • Price$ 1,399,000
  • Bedrooms12
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage5250
  • Lot Size2,867 SqFt
Listing Provided Courtesy Of:
John Koulouroudis with Ben Bay Realty Co of Bay Ridge
Data Source:
Brooklyn MLS
Property Description

This is a great multi family investment opportunity with lots of potential. This building is large, 5,250 sqft and the lot is 2,867 square feet. The subway and the B9 bus are located a half a block away while the B64 is approximately 2 blocks away from subject property. There is also plenty of shopping in walking distance on 3rd, 4th, and 5th Avenues. This investment has an annual rent roll of $92,172 (considering a proposed rent of $2,000/month for apartment 2F) and it pays out expenses totaling $34,746 per year, making the Net Operating Income $57,426 per year. Apartment 2F was owner occupied and is currently vacant. This apartment can be reintroduced to the market as a free-market apartment. This unit will return to rent stabilized apartment once rented. You may consult with your Landlord/Tenant Lawyer for more details on this subject. Also has a backyard that is approximately 1,125 square feet and has a large basement that can be rented out for storage (for tenants or a contractor). It could also be turned into a coin operated laundry area for tenant use. Present all offers!!

Price History
3/25/2021 Listed $1,399,000

General Features

# Families 6
Block 5855
Borough Brooklyn
Building Type Attached
Electric 110 V
Flooring Carpeting, Ceramic, Hardwood, Tile
Lot Number 79
MLS Area Bay Ridge
Number Of Available Units 1
Number Of Vacant Units 1
Property Type Residential
Residential Features Refrigerator, Stove
Roof Flat
Stories 3
Sub Type Multi-Family

Interior Features

Basement Amenities Full, Unfinished
Baths Total Level 1 1.00
Baths Total Level 2 1.00
Baths Total Level 3 1.00
Beds Total Level 1 4
Beds Total Level 2 4
Beds Total Level 3 4
Building Amenities Storage rooms
Full Baths 6
Heating Fuel Radiant
Hot Water Gas
Unit Count 6

Exterior Features

Building Length 70.00
Building Width 25.00
Exterior Brick
Foundation Block
Lot Size Length 115
Lot Size Width 25
Lot Sq Ft 2867
Parking Attrib None
Yard Back

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 11220

Price
AVG $1.9M
$1.4M
Taxes
AVG $9,250
$17,295
Visits
AVG 23
6
Walkscore
AVG 94
97
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Fair Housing Icon NY Fair Housing Notice