Courtesy of: Firas Toum, Keller Williams Realty Empire, Firas.toum@kw.com
Courtesy of: Firas Toum, Keller Williams Realty Empire, Firas.toum@kw.com
$1,299,000
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11 bed
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6.00 Bath (6 Full)
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Lot: 0.06 Acres
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Single Family Attached
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$1,299,000
411 88th Street Welcome to this exceptional 6-family property in Bay Ridge, one of Brooklyn’s most vibrant and desirable neighborhoods. This remarkable building spans approximately 5, 250 square feet and sits on a generous 25' x 120' lot, offering an excellent opportunity for both homeowners and investors alike. With an annual rental income of over $129, 000, this property promises solid returns. Apartment 3F will be vacant at closing and can be leased at the legal rate of $2, 356, boosting annual income to $135, 000 after two-year lease renewals, delivering a strong 7% return on investment. The building features five well-maintained 2-bedroom, 1-bath apartments, plus a 1-bedroom unit on the first floor with exclusive access to a private backyard. Don’t miss this rare chance to own a prime piece of real estate in one of Brooklyn's most sought-after locations!
Courtesy of: Firas Toum, Keller Williams Realty Empire, Firas.toum@kw.com
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