About 411 88th
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!
