Boro Park Real Estate

441 68th Street, Bay Ridge, NY 11220

[Bay Ridge Real Estate, listing number 3344569]
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Description: 3344569
   Exceptional opportunity to acquire a well-maintained solid brick 6-family building in the heart of Bay Ridge, one of Brooklyn`s most desirable and consistently high-performing rental neighborhoods. The property features six spacious 2-bedroom apartments, including one beautifully renovated unit that has never been occupied since completion. will delivered Two apartments vacant at closing, providing exceptional flexibility for an owner-occupant, immediate leasing at current market rents, or value-add repositioning to maximize income potential. Ideally located just minutes from the R subway line and perfectly positioned between 3rd Avenue, 4th Avenue, and 5th Avenue, the property offers convenient access to Bay Ridge`s vibrant restaurants, cafés, shopping, supermarkets, schools, parks, and everyday amenities. This highly desirable location continues to attract strong tenant demand and supports long-term investment value. Additional features include a large unfinished basement with high ceilings and a separate entrance, ideal for storage or utility use (subject to applicable regulations). Recent capital improvements include a newer roof, gas-fired heating system, and water heater, reducing future maintenance costs. A rare opportunity for investors or 1031 Exchange buyers seeking stable cash flow, immediate upside through two vacant units, and long-term appreciation in one of Brooklyn`s strongest multifamily rental markets.

Details:
   Families: 6
   Property Type: Multi-Family
   Built: 1918

Financials:
   Price: $1,299,900

 

E House Realty & Mgt. Inc.
Meijuan (mandy) Jiang
Office: (718)680-2776

provided by Brooklyn Bd of Realtors