$1,260,000

413 68th St Brooklyn, NY 11220

Bay Ridge Neighborhood

Estimated payment $8,611/month

Total Views 6,694
11 Beds
6 Baths
5,400 Sq Ft
$233 Price per Sq Ft

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.

Listing Agent

Charles Olson

Keller Williams Realty Empire Listed on: 01/23/2025

Keller Williams Realty Empire

Co-Listing Agent

Jean Marrone

Keller Williams Realty Empire

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,584

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Unfinished
  • Total Bathrooms: 6.00
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1800
  • Building Length: 90.00
  • Building Width: 20.00
  • Co List Office Mls Id: 117340
  • Co List Office Phone: (718) 954-8400
  • Confirmed By M L S Y N: Yes
  • Cross Street: 4th Avenue
  • Cross Street Name2: 5th Avenue
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 5400
  • Street Name I D X: 68th
  • Street Number I D X: 413
  • Waterfront Present: No
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 11
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2293
  • Total Rooms: 23

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 180
  • Roof: Asphalt/Tar

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 6000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 114
  • Lot Size Width: 20
  • Zoning: R7B

Multi Family

  • Annual Gross Expense: 33184.00
  • Annual Gross Income: 123422
  • Insurance Expense: 5000.00
  • Miscellaneous Expense: 2400.00
  • Property Net Operating Income: 90236.00
  • Unit Count: 6
  • Annual Utility Expenses: 600.00

Tax Info

  • Flip Tax Amount: 21584.00

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
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®

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Source: Brooklyn Board of REALTORS®

MLS Number: 488717

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11220 Bay Ridge

413 68th St, Brooklyn, NY

This home is located at 413 68th St, Brooklyn, NY 11220 and is currently priced at $1,260,000, approximately $233 per square foot. 413 68th St is a home located in Kings County with nearby schools including P.S./I.S. 30 - The Mary White Ovington School, Fort Hamilton High School, and Lutheran Elementary School Of Bay Ridge.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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Charles Olson
Listing Agent
Charles Olson
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Keller Williams Realty Empire
(917) 451-3725