411 88th Street

Bay Ridge

$1,500,000
Price
11
Beds
6
Baths
5,250 Sq. Ft.
$286 / Sq. Ft.
5,250
Sq. Ft.
$286
per Sq. Ft.

Description

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...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!
  1. Listed by Firas Toum • Keller Williams Realty Empire

Amenities

  • Walk Up
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/17/2024 01:25 PM

Property Details for 411 88th Street

StatusActive
MLS ID488081
Days on Market1
Taxes$18,007 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1917
Lot Size2,474 SF / 25' x 121'
CountyKings County

Building

411 88th St

6 Units3 StoriesBuilt in 1917

Building Information for 411 88th Street

Stories3Residences6Year Built1917Building Size25' x 70'Building Sq. Ft5,250 SFLot Size2,474 SF / 25' x 121'Building AgePre-warBuilding TypeHouse

Property Information for 411 88th Street

Summary
Location and General Information
  • Block: 6050
  • Cross Street Name: 4th Ave
  • Cross Street Name: 5th Ave
  • Zoning: C4-2A
  • Roof: Flat
  • Residential Features: None
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 18007.0
  • Gross Expense: 29307.0
  • Gross Income: $120,780.00
Property
Lot Information
  • Lot Dimensions: 2474
  • Sq Ft Total: 5250
  • Yard: Back
  • Lot Number: 61
  • Lot Size Irregular YN: Yes
  • Lot Size Length: 120
  • Lot Size Width: 25
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
  • Utility Expense: 630.0
  • Fuel Expense: 4200.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Baths Three Quarter: 0.0
  • Total Rooms: 18
  • Foundation Details: Other
  • Flooring: Hardwood
  • Unit Count: 6
  • Building Amenities: NONE
  • Construction Materials: Brick
  • Electric: Other
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1750.0
  • Building Length: 70.0
  • Building Type: Attached
  • Building Width: 25.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1600.0
  • Unit Floor: 1F
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1900.0
  • Unit Floor: 1R
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1700.0
  • Unit Floor: 2F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1415.0
  • Unit Floor: 2R
  • Unit Rooms Total: false
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1700.0
  • Unit Floor: 3F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1750.0
  • Unit Floor: 3R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 4000.0
  • Owner Occupied: No

Property History for 411 88th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 411 88th Street

Taxable ValueLand$8,100Additions$441,180Total$449,280
Home Facts
Total Finished SqFt5,250 SqFtLot Size2,475 SqFtYear Built1917ZoningC42AAPN3060500061

Schools near 411 88th Street

This home is within Nyc Geog District #20 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. Is 104 The Fort Hamilton School
PublicK to 8

Fort Hamilton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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411 88th Street is a townhouse for sale in Bay Ridge. This property was listed for sale on December 16, 2024 by Keller Williams Realty Empire, it's currently listed at $1,500,000. This listing's school district is Nyc Geog District #20 - Brooklyn. Nearby schools include P.S. 264 Bay Ridge Elementary School For The Arts, P.S. Is 104 The Fort Hamilton School and Fort Hamilton High School. 411 88th Street is a 11-bed, 6-bath, 5,250 sqft townhouse built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Empire

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.