411 88th Street

$1,299,000
Price
11
Beds
5,250 Sq. Ft.
$247 / Sq. Ft.
5,250
Sq. Ft.
$247
per Sq. Ft.

Description

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...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!

Amenities

  • Walk Up
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/01/2025 12:31 PM

Property Details for 411 88th Street

StatusActive
MLS ID488081
Days on Market373
Taxes$21,400 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1917
Lot Size2,474 SF / 25' x 121'
CountyKings County

Building

411 88th St

6 Units3 StoriesBuilt in 1917

Location

Listing Courtesy of Keller Williams Realty Empire
Add your commute

Building Information for 411 88th Street

Stories3Residences6Year Built1917Building Size25' x 70'Building Sq. Ft5,250 SFLot Size2,474 SF / 25' x 121'Building AgePre-warBuilding TypeHouse

Payment Calculator

$8,202 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,419

Property Taxes

$1,783

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 411 88th Street

Summary
Location and General Information
  • Block: 6050
  • Cross Street Name: 4th Ave
  • Cross Street Name: 5th Ave
  • Zoning: C4-2A
  • Roof: Flat
  • Residential Features: None
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 21400.0
  • Gross Expense: 39850.0
  • Gross Income: $130,200.00
  • Cap Rate: .07%
Property
Lot Information
  • Lot Dimensions: 2474
  • Sq Ft Total: 5250
  • Yard: Back
  • Lot Number: 61
  • Lot Size Irregular YN: Yes
  • Lot Size Length: 120
  • Lot Size Width: 25
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
  • Utility Expense: 950.0
  • Fuel Expense: 7500.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Baths Three Quarter: 0.0
  • Total Rooms: 18
  • Foundation Details: Other
  • Flooring: Hardwood
  • Unit Count: 6
  • Building Amenities: NONE
  • Construction Materials: Brick
  • Electric: Other
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1750.0
  • Building Length: 70.0
  • Building Type: Attached
  • Building Width: 25.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1600.0
  • Unit Floor: 1F
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1900.0
  • Unit Floor: 1R
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1700.0
  • Unit Floor: 2F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1493.0
  • Unit Floor: 2R
  • Unit Rooms Total: false
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2380.0
  • Unit Floor: 3F
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 2 Bedrooms
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1777.0
  • Unit Floor: 3R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 90350.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 4000.0
  • Owner Occupied: No

Property History for 411 88th Street

DateEvent & SourcePriceAppreciation
Jun 24, 2025

Price Change

BKMLS #488081

$1,299,000
Feb 26, 2025

Price Change

BKMLS #488081

$1,425,000
Dec 16, 2024

Price Change

BKMLS #488081

$1,500,000
Dec 16, 2024

Listed (Active)

BKMLS #488081

$1,425,000
DateEvent & SourcePrice
06/24/2025

Price Change

BKMLS #488081

$1,299,000
02/26/2025

Price Change

BKMLS #488081

$1,425,000
12/16/2024

Price Change

BKMLS #488081

$1,500,000
12/16/2024

Listed (Active)

BKMLS #488081

$1,425,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 411 88th Street

Taxable ValueLand$8,100Additions$441,180Total$449,280
Tax Record2025$19,816 ($1,651 / month) Tax Class2ATax Rate12.5%
Home Facts
Total Finished SqFt5,250 SqFtLot Size2,475 SqFtYear Built1917ZoningC42AAPN3060500061

Schools near 411 88th Street

This home is within New York City Geographic District #20.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
P.S. Is 104 The Fort Hamilton School
PublicK to 8

Fort Hamilton High School
Public9 to 12

Sunset School of Cultural Learning
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

411 88th Street is a townhouse for sale in Bay Ridge. This property was listed for sale on December 16, 2024 by Keller Williams Realty Empire, it's currently listed at $1,299,000. This listing's school district is New York City Geographic District #20. Nearby schools include P.S. 264 Bay Ridge Elementary School For The Arts, P.S. Is 104 The Fort Hamilton School and Fort Hamilton High School. 411 88th Street is a 11-bed, 6-bath, 5,250 sqft townhouse built in 1917.

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Listing Courtesy of Keller Williams Realty Empire

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.