$1,788,800
Updated 5 years ago
Off Market

427 68th Street

Bay Ridge, Brooklyn | 4th Ave & 5th Ave

20 Rooms13 Beds6 Baths5,250 Square FeetMulti-Family

$1,788,800
floors / apts3 / 6
Lot Size25'x114'
Built Size25'x70'
ZoneR5B
Building TypeHouse
RE Taxes$17,507
Price Per SF
$341

Property Description for 427 68th Street

Unique opportunity to own a 6 unit brick building in prime bay ridge. The building is rent stabilized and can be delivered vacant. The other 4 units are occupied. 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.

Building Details for 427 68th Street

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1915
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Bay Ridge Av
0.06 miles
77 St
0.41 miles
59 St
0.49 miles

Citi Bike

68 St & 4 Ave
0.07 miles
68 St & 5 Ave
0.11 miles

Contact Agent

Contact Agent

Melissa Leifer
Keller Williams NYC

Bay Ridge | Brooklyn

Lush front yards and trimmed hedges are pretty common in Bay Ridge.

Quick Profile

Bay Ridge is an old-world neighborhood neatly tucked into the southwest corner of Brooklyn within the shadows of the Verrazano Bridge. The neighborhood is encircled by the Belt Parkway along the shore line and the Gowanus Expressway inland.

Bay Ridge, long known for its generational pull, has historically been home to a diverse number of ethnic groups. While the area is flush with people of Irish, Italian and Greek descent, these ethnic communities have been joined by larger numbers of new groups, including people with Russian, Polish, Asian and Middle Eastern backgrounds. The Arab American community today in Bay Ridge represents the largest concentration of Arab Americans in New York City.

For many years, Bay Ridge and its waterside location, would attract the affluent. But most of the mansions that once lined Shore Road are long gone and have been replaced by six-story apartment buildings.  

Aside from the low-rise apartment buildings, the neighborhood pretty much consists of one and two-family homes. Lush front yards and trimmed hedges are pretty common here.  

Current zoning and limitations on building heights restrict any out of the norm development. At present, the future beholds small development on some of the commercial strips and teardowns of older homes for smaller residential projects.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 64326TH