487 E 93rd Street
Brooklyn, NY 11212
- – beds
- – baths
- 3,440 sqft
- 3,000 sqft lot
- $374 per sqft
- 1930 build
- – on site
Legal 4 Family + Legal Basement investment Opportunity *% cap Rate INCREDIBLE INVESTMENT OPPORTUNITY!! PLEASE READ BELOW FOR NOI REPORT Legal 4 family with legal 3 bedroom basement for additional income Exceptional Four-Family Investment Property in East Flatbush Discover an incredible investment opportunity with this well-maintained four-family property in the heart of East Flatbush, Brooklyn. Perfectly suited for investors looking to generate substantial rental income, this property offers a blend of modern amenities and classic charm in a prime location. Property Features: Four Family Units: This property features four spacious and independent family units, each with its own entrance, ensuring privacy and convenience for tenants. Legal Basement Unit: An additional legally finished basement unit adds a fifth income-generating residence, maximizing rental potential. Outdoor Space: A private backyard provides a perfect space for outdoor activities or relaxation. **Recent Upgrades: New Roof: A recently installed roof ensures long-term durability and reduced maintenance costs. New Boiler: A brand-new boiler enhances energy efficiency and ensures comfortable living conditions for tenants. Prime Location: Convenient Access: Located on a quiet, tree-lined street, yet close to major transportation routes, shopping, dining, and entertainment options. Community Amenities: Proximity to local schools, parks, and community centers adds to the appeal for families and tenants. Investment Highlights: Income Potential: With five fully separate units, this property is ideal for investors seeking robust rental income. Free market rentals: As a free market property, the owner has full control over setting rental rates, allowing for flexible and competitive pricing High Demand Area: East Flatbush is a sought-after neighborhood with a strong rental market, ensuring high occupancy rates and rental demand. INVESTMENT OPPORTUNITY ! 8 % CAP RATE ,BROWNSVILLE , FREE MARKET property in East Flatbush/BROWNSVILLE SECTION is a great investment... offering versatility, comfort, and an excellent location. It represents a prime investment opportunity with significant income potential. Don’t miss out on this chance to enhance your real estate portfolio. Contact us today to schedule a viewing! PROPERTY DETAILS: TAXES $9457 • Multi-Family Property • Two-story walk-up • 5 Units • Lot Size: 30 × 100ft • Brand new boiler and plumbing throughout building Expenses: TAXES- $10,887 INSURANCE-$5,000 WATER-$3000 GAS-$3000 (HEAT & HOT WATER ) ELECTRIC-$1500 • Approximately $23,387 CURRENT RENT ROLL: • Apt 1F: $2,040 • Apt 1R: $2,417 • Apt 2F: $3,385 • Apt 2R: $2,387 Leases expire march 2026 current up to date rent roll is $122,748 annual ( without basement included • Basement: $2,500 performa currently vacant • Annual gross Rent Roll: $122,748 NET OPERATING INCOME AFTER EXPENSE $99,361
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated May 5, 2025
•
MLS# 853176 —
The Building
-
Year Built:1930
-
Basement:false
-
Architectural Style:Other
-
Construction Materials:Brick
-
# of Total Units:5
-
Year Built Effective:1930
-
Building Area Units:Square Feet
-
Total Vacancies:1
-
Building Area Total:3440
-
Direction Faces:East
Interior
-
Interior Features:Other
Financial & Terms
-
Listing Terms:1031 Exchange, Cash, Conventional
-
Tenant Pays:Electricity, Gas
The Property
-
Lot Features:Back Yard, Paved, See Remarks
-
Lot Size Acres:0.0689
-
Parcel Number:04690-0022
-
Property Type:Residential Income
-
Property Subtype:Quadruplex
-
Lot Size SqFt:3,000 Sqft
-
Property Attached:false
-
Property Description:Includes Legal Accessory Apartment
-
Property Condition:Actual
-
Lot Size Dimensions:30X100
-
Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (718) 380-2500
- Office phone:
- (718) 380-2500
Taxes
-
Tax Year:2024
-
Tax Source:Other
-
Tax Annual Amount:11409.36
The Listing
-
Special Listing Conditions:None
Heating & Cooling
-
Heating:Other
-
Cooling:None
-
# of Heat Units:3
-
# of Heating Zones:3
Utilities
-
Sewer:Other
-
Utilities:None
-
Water Source:None
-
Electric Company:Con Edison
-
Water Sewer Expense:3000
-
# of Separate Gas Meters:5
-
# of Separate Electric Meters:6
Schools
-
High School:East Brooklyn Community High School
-
Elementary School:Ps 219 Kennedy King
-
High School District:Brooklyn 18
-
Middle School:Middle School For Art And Philosophy
The Community
-
Senior Community:false
-
Pool Private:false
-
Spa:false
Parking
-
Parking Features:Driveway
-
Parking Total:3
-
Garage:false
-
Garage Spaces:1
-
Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/5/25
May 5, 2025
|
Listed / Active | ONEKEY | $1,288,888 |
