411 88th St
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411 88th St
6 Unit Block of Flats £1,181,550 (£196,925/Unit) 6.10% Net Initial Yield Brooklyn, NY 11209
Executive Summary
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. The units feature five 2-bedroom, 1-bath apartments, all in great condition, along with a first-floor rear 1-bedroom apartment that includes exclusive access to a private backyard. Don’t miss out on this rare chance to own a prime piece of real estate in one of Brooklyn's hottest locations!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,181,550 | Property Subtype | Apartment |
| Price Per Unit | £196,925 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 6.10% | Lot Size | 0.06 AC |
| Sale Conditions | 1031 Exchange | Building Size | 5,250 SF |
| Gross Rent Multiplier | 12.5 | Average Occupancy | 100% |
| No. Units | 6 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1917 |
| Price | £1,181,550 |
| Price Per Unit | £196,925 |
| Sale Type | Investment |
| Net Initial Yield | 6.10% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 12.5 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,250 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 1917 |
Unit Amenities
- Kitchen
- Tub/Shower
- Yard
Site Amenities
- Vintage Building
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 1+1 | 1 | - | - |
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (89)
Bike Score ®
Very Bikeable (70)
zoning
| Zoning Code | C4-21 (C4 - Regional commercial center located outside of the central business districts) |
| C4-21 (C4 - Regional commercial center located outside of the central business districts) |
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411 88th St
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