$10,000 Closing Credit¹
#488082, Listing Office: Keller Williams Realty Empire
$10,000
closing credit¹
411 88th St Brooklyn, NY 11209
$1,500,000 List price
$10,000
Closing credit¹
11 beds
6 full
5,250 sqft
$286 / sqft
Multi-Family
Property details
About 411 88th St
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 $122,000, this property promises solid returns. Apartment 3F will be vacant at closing and can be leased at the legal rate of $2,300, boosting annual income to $138,000 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!
Highlights
Home typeMulti Family
HeatingSteam, Natural Gas
StatusActive
Size5,250 sqft
BasementYes
Year built1917
MLS #488081
Summary
- MLS Number: 488081
- Office Name: Keller Williams Realty Empire
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$1,500,000
411 88th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $449,280 | $19,819 |
| 2023 | $374,400 | $18,351 |
| 2021 | $249,300 | $15,868 |
| 2019 | $290,700 | $16,135 |
| 2018 | $112,915 | $13,694 |
| 2017 | $109,393 | $12,759 |
History based on county public records data.
Nearby schools
7
P.S. 264 Bay Ridge Elementary School For The Arts
Public District KG-5
0.1 mi
•371 89th St
8
P.S. 185 Walter Kassenbrock School
Public District KG-5
0.3 mi
•8601 Ridge Blvd
8
P.S. 127 Mckinley Park School
Public District KG-5
0.6 mi
•7805 7th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,500. Most Brooklyn, NY residents have annual incomes less than $<35k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
45%
<35k
33%
35k-100k
22%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
57%
Single, No Kids
6%
Single, with Kids
15%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
6%
12-17 yrs old
34%
18-34 yrs old
36%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Art Museums
Music Concerts
Where do the neighbors shop?
Banana Republic
Bloomingdales
H&M
Where do the neighbors go to eat?
Jack In The Box
Starbucks
Chipotle
What do the neighbors drive?
Toyota
Audi
Volkswagen
What do the neighbors listen to?
Jazz
News
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 411 88th St in Brooklyn, NY and zip code 11209 in the New Utrecht neighborhood. This 5,250 square foot home was built in 1917. Features: 11 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $1,500,000.
In December 2024, from all listings sold in Brooklyn, NY there were more than 40 sold above asking price, over 178 sold below and more than 257 were sold right at the asked price. The inventory of homes for sale in Brooklyn, NY between November and December 2024 decreased by 10.4%. In December 2024, listings were on the market for 88 days. During the same period, the median list price in this real estate market was $987,395.
From Rocket Homes Real Estate and based on county public records data.