441 68th Street, Brooklyn, New York 11220

$1,299,900
5,175
SqFt

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List Price
$1,299,900
Status
ACTIVE
Days on Market
25
MLS#
502801
Year Built
1918
Full Baths
6
Living Area
5,175
Lot Size
2,300
MLS Area Major
Bay Ridge

Property Description

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.

Additional Information

Taxes
$23,736
Financing
1031 Exchange, Bank Mortgage, Cash
Zoning
R5B
Flooring
Hardwood, Tile
Heating
Gas
Exterior Features
Brick
Roof
Flat
Foundation
Block

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Calculator source: Real Geeks

Courtesy Of E House Realty & Mgt. Inc.