439 83rd St
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439 83rd St
6 Unit Apartment Building $1,275,000 ($212,500/Unit) Brooklyn, NY 11209
Investment Highlights
- 6 Spacious Units: Ideal for a mix of single or multi-bedroom layouts, allowing flexible design options.
- Prime Location: Close to public transportation, shopping, dining, and parks, making it highly attractive to future tenants.
- Strong Market Appreciation & Rental Growth: Bay Ridge has demonstrated steady property value growth.
- High Vacancy: 90% of the building is vacant, providing a blank canvas for renovations and leasing at current market rates.
- Attractive Amenities Nearby: Minutes from Bay Ridge’s waterfront, scenic Shore Road Park, schools, fitness centers, and community spaces.
Executive Summary
This 6-unit building, located in the heart of one of Brooklyn's most sought-after areas, offers an incredible opportunity for investors and developers alike. With 90% of the units currently vacant, this property provides unparalleled flexibility for renovations and customization, allowing you to transform these units into modern, high-demand living spaces. Nestled in the thriving community of Bay Ridge, this property enjoys proximity to vibrant shopping districts, popular dining establishments, and convenient access to public transportation, ensuring a high quality of life for future tenants. There's endless potential to reimagine the interiors to meet modern standards or create unique layouts tailored to maximize rental income. Bay Ridge is known for its charm, accessibility, and steady appreciation in property values, making this an excellent long-term investment.
Priced competitively at $1.275 million, this property represents exceptional value for savvy investors ready to seize the opportunity to capitalize on Brooklyn's booming real estate market. Whether you are looking to renovate and lease, or reimagine the property as a stunning development, this building has the potential to deliver significant returns.
Don't miss out on this golden opportunity to bring your vision to life. For inquiries or to schedule a viewing, call (917) 854-7443 today.
Priced competitively at $1.275 million, this property represents exceptional value for savvy investors ready to seize the opportunity to capitalize on Brooklyn's booming real estate market. Whether you are looking to renovate and lease, or reimagine the property as a stunning development, this building has the potential to deliver significant returns.
Don't miss out on this golden opportunity to bring your vision to life. For inquiries or to schedule a viewing, call (917) 854-7443 today.
Property Facts
| Price | $1,275,000 | Building Class | C |
| Price Per Unit | $212,500 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| No. Units | 6 | Average Occupancy | 17% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1935 |
| Apartment Style | Low Rise |
| Price | $1,275,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 17% |
| No. Stories | 3 |
| Year Built | 1935 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
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Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (90)
PROPERTY TAXES
| Parcel Number | 06008-0068 | Improvements Assessment | $448,200 |
| Land Assessment | $8,100 | Total Assessment | $456,300 |
PROPERTY TAXES
Parcel Number
06008-0068
Land Assessment
$8,100
Improvements Assessment
$448,200
Total Assessment
$456,300
zoning
| Zoning Code | R4-1 |
| R4-1 |
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COE Property Management Services
439 83rd St
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