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About This Home
This 11-bedroom, 6-bathroom residential multi family at 411 88th Street in Brooklyn, NY is listed for $1,299,000 ($247 per sqft). Built in 1917, the home offers 5,250 sqft of living space on a 0.06 acres lot.
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!
Key Features
- Built in 1917
- 0.06 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$6,947/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
411 88th Street
Brooklyn, NY 11209
Property Details
Flooring
Construction
Questions & Answers
This 11-bedroom, 6-bathroom residential multi family at 411 88th Street is listed at $1,299,000 ($247/sqft). The estimated monthly payment is $5,629 based on 20% down at 6.5% interest.
Key features include: Built in 1917, 0.06 acre lot, 3 stories.
This property is listed by Firas Toum and can be reached at (917) 836-1050 or Firas.toum@kw.com.
