Unique opportunity to own a 6 unit brick building in prime bay ridge. The building is rent stabilized although and can be delivered vacant. Rent rolls available upon request. This is currently a 5 cap as is, with a lot of room for upside potential. This quiet corner of Brooklyn is one of the city's best kept secrets. This is a friendly and welcoming neighborhood with a diverse range of restaurants, nightlife, and shopping, plus some of the borough's best parks. The waterfront promenade of Shore Road Park is just a few blocks away, while dining options around the corner on Third Avenue range from acclaimed Italian bistro Il Forno, to inventive fare at Brooklyn Beet Company and world famous Middle Eastern cuisine at Tanoreen. The R train and express bus are both steps from your front door- either one is an easy 20 minute ride to downtown Manhattan. There is also plenty of parking nearby.
Off market
$1,778,600
427 68th St #1, Brooklyn, NY 11220
13beds
5,250sqft
MultiFamily
Built in 1915
-- sqft lot
$1,778,600 Zestimate®
$339/sqft
$3,870 Estimated rent