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487 E 93rd Street

Brooklyn, NY 11212
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Bed --

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Bath 0

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Acres0.07

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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 "THIS PROPERTY IS "S IS " TENANTS WONT ALLOW ACCESS 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 tena nts. 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 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. 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

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,200,000

AD Id : 77041671

MLS Id : 983544

Lot Size : 0.07 Acre

Year Built : 1930

Garage : 1

County : Kings (Brooklyn)

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Feature Features

  • Room Information

    Basement: Finished, Storage Space
  • Interior Features

    Other
  • Heating & Cooling

    Has Heating: Yes Heating: Other Cooling: None

  • Building Information

    Year Built: 1930 Building Area Total: 3440 Construction Materials: Brick Private Pool: No View: None

  • Lot Information

    Lot Dimensions: 30X100 Lot Size Acres: 0.0689 Lot Size Square Feet: 3000 Lot Description: Back Yard, Paved, See Remarks

  • Listing Price Information

    Listing Price: $1200000

  • Tax Information

    Parcel Number: 04690-0022 Annual Tax: $11409.36

  • Parking Information

    Parking Total: 3 Driveway

    Garage Information

    Has Garage: Yes Garage Space: 1

  • School Information

    Elementary School: Ps 219 Kennedy-King
    Junior High School: Middle School For Art And Philosophy
    Senior High School: East Brooklyn Community High School
  • Utility Information

    None
  • Location Information

    Direction: WAZE / GOOGLE MAP WaterSource: None
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/05/2026 @ 13:10

MLS: 983544 LISTED BY: Steven Benshabat, Exit Realty First Choice 718-380-2500 SOURCE: OneKey MLS

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