NOT LISTED FOR SALE

417 85th St Brooklyn, NY 11209

Bay Ridge Neighborhood
-- Bed
6 Baths
3,480 Sq Ft
2,475 Sq Ft Lot

Last Sold July 28, 2022

Last sale price $1,275,000 $366 Per Sq Ft

Highlights

  • Wood Flooring
  • 1-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

As of July 2022

This is a 6 Family Property consisting of all 3 room 1 Bedroom apartments. 5 of the 6 units are currently occupied. 1 of the 6 is currently vacant. The condition of the property is Excellent! No Violations, No Headaches. Great Cashflow! The location is ideally located in a highly desirable area for prospective tenants. The owner never had an issue with renting these apartments. It is a "Cash Cow" Cap Rate is 4%. Seller is motivated and ready to sell open to hearing all offers. Make this property one of your newest additions to your real estate investment portfolio.

Last Agent to Sell the Property

Lou Guida

Keller Williams Realty Empire Listed on: 02/15/2022

Keller Williams Realty Empire

Last Buyer's Agent

Lou Guida

Keller Williams Realty Empire Listed on: 02/15/2022

Keller Williams Realty Empire

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,290

Year Built

  • Built in 1922

Lot Details

  • 2,475 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 6 Full Bathrooms
  • 3,480 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Flooring

  • Wood
  • Tile

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6026

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $10,000
  • Insurance Expense $4,722
  • Utility Expense $720
  • Gross Income $104,388
  • Net Operating Income $60,656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,290

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Basement Amenities: Unfinished
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1775
  • Building Length: 71.00
  • Building Width: 25.00
  • 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
  • Negotiate Thru: Broker
  • Number Of Families: 6
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Fill Sq Ft Total: 3480
  • Building Stories: 3
  • Street Name I D X: 85th
  • Street Number I D X: 417
  • Year Built: 1922
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2475

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 77
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 10000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25

Multi Family

  • Annual Gross Expense: 43732.00
  • Annual Gross Income: 104388
  • Insurance Expense: 4722.00
  • Miscellaneous Expense: 5680.00
  • Property Net Operating Income: 60656.00
  • Unit Count: 6
  • Annual Utility Expenses: 720.00

Tax Info

  • Flip Tax Amount: 20290.00

Range of Values:

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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
07/28/2022 07/28/22 Sold $1,275,000 -- $366 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lou Guida

    Seller's Agent in 2022

    Lou Guida

    Keller Williams Realty Empire

    (917) 200-3505

    3 in this area

    28 Total Sales

    Lou Guida
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 459050

Brooklyn Board of REALTORS®

APN: 06026-0077

New York Kings County Brooklyn 11209 Bay Ridge

417 85th St, Brooklyn, NY

This home is located at 417 85th St, Brooklyn, NY 11209 since 15 February 2022. This property was built in 1922. 417 85th 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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