NOT LISTED FOR SALE

335 68th St Brooklyn, NY 11220

Bay Ridge Neighborhood
-- Bed
7 Baths
5,550 Sq Ft
2,620 Sq Ft Lot

Last Sold December 12, 2022

Last sale price $2,188,000 $394 Per Sq Ft

Highlights

  • Wood Flooring
  • 2-minute walk to Bay Ridge Avenue
  • Multiple cooling system units
  • P.S. 102 The Bayview School Rated A
  • Resident Manager or Management On Site
  • Baseboard Heating

About This Home

As of December 2022

EXCELLENT CONDITION SOLID 6 FAMILY IN PRIME BAY RIDGE AREA. RENT STABLIZED WITH VERY STEADY HIGH RENTS. BUILDING WAS GUT RENNOVATED FEW YEARS AGO. SEPARATE GAS/ELECTRIC METERS FOR EACH APARTMENTS. INDIVIDUAL FURNACE AND HOT WATER TANKS FOR EACH APARTMENTS. LANDLORD ONLY PAY COLD WATER. ALL APARTMENTS ARE IN MINT CONDITION. NEWER ROOF. GROSS INCOME $136,800. GROSS EXPENSE $27,000. ACTUAL NET CLOSE TO $111,000.CLOSE TO TRANSPORTATION. RESTAURANT. A MUST SEE INVESTMENT PROPERTY.

Last Agent to Sell the Property

Simon Liang

Real Broker NY LLC Listed on: 06/22/2022

Last Buyer's Agent

Maggie (Cuie) Wu

RE/MAX Edge

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,415

Year Built

  • Built in 1920

Lot Details

  • 2,620 Sq Ft Lot
  • Lot Dimensions are 105 x 25
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Masonry

Interior Spaces

  • 5,550 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Tile

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5854

Community Details

Building Details

  • Insurance Expense $4,000
  • Utility Expense $1,000
  • Gross Income $136,800
  • Net Operating Income $109,800

Additional Features

  • 6 Units
  • Secure Lobby
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,415

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 74.00
  • Building Width: 25.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3rd AVENUE
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Refrigerator, Stove
  • Fill Sq Ft Total: 5550
  • Building Stories: 3
  • Street Name I D X: 68th
  • Building Style: Other
  • Year Built: 1920
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Three Quarter Bathrooms: 1
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2620

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick, Masonry
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 65
  • Roof: Asphalt/Tar, Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 105
  • Lot Size Width: 25
  • Zoning: R5B

Rental Info

  • Rent Income: 136800

Multi Family

  • Annual Gross Expense: 27000.00
  • Annual Gross Income: 136800
  • Insurance Expense: 4000.00
  • Miscellaneous Expense: 2000.00
  • Property Net Operating Income: 109800.00
  • Unit Count: 6
  • Annual Utility Expenses: 1000.00

Tax Info

  • Flip Tax Amount: 18415.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2022 12/12/22 Sold $2,188,000 -- $394 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,014 $539,550 $36,450 $503,100
2024 $21,014 $449,550 $36,450 $413,100
2023 $20,571 $488,700 $36,450 $452,250
2022 $19,836 $434,250 $36,450 $397,800
2021 $18,415 $396,900 $36,450 $360,450
2020 $8,382 $413,550 $36,450 $377,100
2019 $16,307 $413,550 $36,450 $377,100
2018 $16,407 $128,994 $9,802 $119,192
2017 $15,862 $124,714 $10,944 $113,770
2016 $14,887 $115,476 $11,477 $103,999
2015 $8,476 $106,923 $12,755 $94,168
2014 $8,476 $99,461 $9,637 $89,824
Source: Public Records

Agents Affiliated with this Home

  • Simon Liang

    Seller's Agent in 2022

    Simon Liang

    Real Broker NY LLC

    (917) 660-2873

    2 in this area

    33 Total Sales

    Simon Liang
    Section Image

  • M

    Buyer's Agent in 2022

    Maggie (Cuie) Wu

    RE/MAX

    (718) 288-3835

    1 in this area

    32 Total Sales

    Maggie (Cuie) Wu
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 463644

Brooklyn Board of REALTORS®

APN: 05854-0065

New York Kings County Brooklyn 11220 Bay Ridge

335 68th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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