$1,425,000

413 88th St Brooklyn, NY 11209

Fort Hamilton Neighborhood

Estimated payment $9,345/month

Total Views 6,863
11 Beds
6 Baths
5,250 Sq Ft
$271 Price per Sq Ft

Highlights

  • Wood Flooring
  • 3-minute walk to 86 Street (R Line)
  • Back Yard
  • P.S./I.S. 104 The Fort Hamilton School Rated A
  • Heating System Uses Steam

About This Home

Welcome to this exceptional 6-family property located in Bay Ridge, one of Brooklyn's most vibrant
and sought-after neighborhoods.
This impressive building spans approximately 5,250 square feet and sits on a spacious 25' x 120' lot,
making it an outstanding opportunity for both end-users and investors. The property generates over
$120,000 in annual rental income, offering a lucrative return on investment.

Don’t miss out on this rare chance to own a prime piece of real estate in one of Brooklyn's hottest
locations!

Listing Agent

Firas Toum

Keller Williams Realty Empire Listed on: 12/16/2024

Keller Williams Realty Empire

Co-Listing Agent

Dalila Saket

Keller Williams Realty Empire

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,512

Year Built

  • Built in 1917

Lot Details

  • 3,034 Sq Ft Lot
  • Lot Dimensions are 120 x 25
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 5,250 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Heating System Uses Steam
  • Electric Water Heater

Listing and Financial Details

  • Tax Block 6050

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $4,200
  • Insurance Expense $4,000
  • Utility Expense $630
  • Gross Income $119,364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,512

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Total Bathrooms: 6.00
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1750
  • Building Length: 70.00
  • Building Width: 25.00
  • Co List Office Mls Id: 117340
  • Co List Office Phone: (718) 954-8400
  • Confirmed By M L S Y N: Yes
  • Cross Street: 4TH AVE
  • Cross Street Name2: 5TH AVE
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 6
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Fill Sq Ft Total: 5250
  • Street Name I D X: 88th
  • Street Number I D X: 413
  • Year Built: 1917
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 11
  • Flooring: Hardwood
  • Lot Sq Ft: 3034

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 60
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Other
  • Heating Fuel: Electric
  • Hot Water: Electric

Fee Information

  • Annual Fuel Expense: 4200.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 120
  • Lot Size Width: 25
  • Zoning: C4-2A

Rental Info

  • Rent Income: 119364

Multi Family

  • Annual Gross Expense: 30042.00
  • Annual Gross Income: 119364
  • Insurance Expense: 4000.00
  • Annual Utility Expenses: 630.00

Tax Info

  • Flip Tax Amount: 18512.00

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
02/26/2025 02/26/25 Price Changed $1,425,000 -5.0% $271 / Sq Ft
12/16/2024 12/16/24 For Sale $1,500,000 -- $286 / Sq Ft
Source: Brooklyn Board of REALTORS®

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Source: Brooklyn Board of REALTORS®

MLS Number: 488082

Brooklyn Board of REALTORS®

New York Kings County Brooklyn 11209 Fort Hamilton

413 88th St, Brooklyn, NY

This home is located at 413 88th St, Brooklyn, NY 11209 and is currently priced at $1,425,000, approximately $271 per square foot. This property was built in 1917. 413 88th St is a home located in Kings County with nearby schools including P.S./I.S. 104 The Fort Hamilton School, P.S. 264 Bay Ridge Elementary School for the Arts, and Fort Hamilton High School.

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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Firas Toum
Listing Agent
Firas Toum
Section Image
Keller Williams Realty Empire
(929) 429-4274