413 68th St Brooklyn, NY 11220
Bay Ridge NeighborhoodEstimated payment $8,486/month
Highlights
- Wood Flooring
- 1-minute walk to Bay Ridge Avenue
- Back Yard
- P.S./I.S. 30 - The Mary White Ovington School Rated A-
- Heating System Uses Steam
About This Home
Bay Ridge All-Brick 6-family asset. Fully tenanted, the owner-occupied 2-bedroom will be delivered vacant. Upside potential offers the opportunity for growing returns; all current 2-year leases are set to expire on 9/30/25. The building is 20' x 90' on a 114 ft lot zoned R7B. Well-maintained, with 5,400 interior sq. ft. located in prime Northern Bay Ridge near shopping, dining, and multiple transportation options. Current RR is $123,421/yr, with total expenses of $38,584 (current CAP 6.3). 11 total bedrooms, 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,584
Lot Details
- 2,293 Sq Ft Lot
- Lot Dimensions are 114 x 20
- Back Yard
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Poured Concrete
- Asphalt Roof
Interior Spaces
- 5,400 Sq Ft Home
- Unfinished Basement
- Basement Cellar
- Stove
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Full Bathrooms
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 5855
Community Details
Overview
- 6 Units
Building Details
- Fuel Expense $6,000
- Insurance Expense $5,000
- Utility Expense $600
- Gross Income $123,422
- Net Operating Income $90,236
Map
Home Values in the Area
Average Home Value in this Area
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 | $23,755 | $524,700 | $8,100 | $516,600 |
| 2024 | $23,755 | $437,400 | $8,100 | $429,300 |
| 2023 | $21,584 | $413,550 | $8,100 | $405,450 |
| 2022 | $19,938 | $485,100 | $8,100 | $477,000 |
| 2021 | $18,510 | $436,950 | $8,100 | $428,850 |
| 2019 | $18,434 | $459,450 | $8,100 | $451,350 |
| 2018 | $17,215 | $135,349 | $2,349 | $133,000 |
| 2017 | $15,944 | $125,355 | $2,513 | $122,842 |
| 2016 | $14,964 | $116,071 | $2,638 | $113,433 |
| 2015 | $9,715 | $116,070 | $3,165 | $112,905 |
| 2014 | $9,715 | $112,430 | $2,489 | $109,941 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/06/2025 05/06/25 | Price Changed | $1,260,000 | 0.0% | $233 / Sq Ft |
| 05/06/2025 05/06/25 | Price Changed | $1,260,000 | -6.7% | $233 / Sq Ft |
| 01/23/2025 01/23/25 | For Sale | $1,350,000 | 0.0% | $250 / Sq Ft |
| 09/14/2023 09/14/23 | For Sale | $1,350,000 | -- | $250 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 488717
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