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Located at 487 E 93rd Street, Brooklyn, New York 11212, East Flatbush neighborhood, this Quadraplex is for Sale with a price of $1,288,888 USD. The property was built in 1930,. This listing has 3,440 Sq.Ft. of interior space on a lot of .07 Acres. See all Homes for Sale in East Flatbush.
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6. 487 E 93rd Street
1. 487 E 93rd Street
2. 487 E 93rd Street
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Listing Details
BrooklynEast Flatbush487 E 93rd Street

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Description

487 E 93rd Street,

Brooklyn, NY 11212

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. Dont 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

This is an Active listing.

Broker Office Phone Number: 718-380-2500

Copyright © 2025OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Amenities

  • Driveway
Listing By: Exit Realty First Choice via Data Source: OneKey MLS 
$1,288,888
price
$375
Price Per Sqft
$11,409
Annual taxes
Quadraplex
Property type
1930
Year Built
New York City Department Of Education
School District
New York City Department Of Education
School District
new-york-city-department-of-education-new-york-ny
Schools
Ps 219 Kennedy-King
Elementary
Middle School For Art And Philosophy
Middle
East Brooklyn Community High School
High
8756110
Web Id
853176
MLS ID
91
Days Posted

Price History

datepricevariancetype
4/24/2025$1,288,888-Listed
listing agent: Steven S. Benshabat
more info
3,440 Sq Ft.
interior
0.07 Acres
Exterior
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    487 E 93rd Street
    East Flatbush, Brooklyn, NY 11212

    $1,288,888