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$1,200,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 12 Total Beds
  • 1 Car Garage
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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 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

Full Property Details for 487 E 93rd St

General

  • Price: $1,200,000
  • Taxes: $11,409
  • Status: Pending
  • Type: Multi-Family
  • Source: Long_Island
  • MLS ID: 853176
  • Updated: 10/30/2025
  • Added to Site: 257 day(s) ago

Interior

  • Interior Features: Other

Rooms

Bedrooms

  • Total Bedrooms: 12

Parking

  • Garage Spaces: 1
  • Total Spaces: 3
  • Parking Features: Driveway

Location

  • County: Kings (Brooklyn)
  • Cross Streets: kings highway
  • Driving Directions: WAZE / GOOGLE MAP
  • Direction Faces: East

School Information

  • High School District: Brooklyn 18
  • Elementary School: Ps 219 Kennedy-King
  • Middle School: Middle School For Art And Philosophy
  • High School: East Brooklyn Community High School

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other
  • Heating Zones: 3

Utilities

  • Sewer: Other
  • Water: None
  • Utility Description: None

Structural Information

  • Architectural Style: Other
  • Detached/Attached: Detached
  • Construction: Brick
  • Building Size: 3440
  • Square Feet: 3,440
  • Year Built: 1930

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.0689
  • Lot Size (Sq. Ft.): 3,000
  • Lot Dimensions: 30 x 100
  • Lot Features: Back Yard, Paved, See Remarks

Financial Considerations

  • Tax Amount: $11,409.36
  • Tenant Pays: Electricity, Gas

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 04690-0022

Listed by Exit Realty First Choice

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Listing agents

— 487 E 93rd St —

  • Exit Realty First Choice

  • Exit Realty First Choice

718-380-2500

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 487 E 93rd St

School District:New York City Geographic School District 18
NameGradesDistance
Ps 219 Kennedy King
1060 Clarkson Avenue, Brooklyn, NY 11212
K-50.4 mi
Middle School For Art And Philosphy
1084 Lenox Road, Brooklyn, NY 11212
6-80.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 487 E 93rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/17/2025
Price Reduced
$1,200,000
-6.9%
MLS
5/05/2025
Listed
$1,288,888
-0.85%
MLS
3/20/2024
Sold
$1,300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 487 E 93rd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,320
8%
$98,561
-48%
2024
$11,409
3%
$188,550
9%
2023
$11,090
10%
$173,250
-3%
2022
$10,075
—
$179,100
10%
2021
$10,044
6%
$162,225
3%
2020
$9,457
8%
$157,500
20%
2019
$8,756
9%
$131,220
92%
2017
$8,036
—
$68,234
8%
2017
$8,036
-1%
$63,180
—
2016
$8,120
8%
$62,985
8%
2015
$7,513
9%
$58,320
8%
2014
$6,900
6%
$54,000
3%
2013
$6,528
—
$52,488
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Exit Realty First Choice

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487 E 93rd Street, Brooklyn, NY 11212 (MLS# 853176) is a Multi-Family property with 5 units containing 12 bedrooms and 0 full bathrooms. 487 E 93rd Street is currently listed for $1,200,000 and was received on May 05, 2025. Want to learn more about 487 E 93rd Street? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

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