487 E 93rd St
Brooklyn, NY 11203
Brownsville- 16 Beds
- 5 Baths
- 3,000 sqft
16 Beds
5 Baths
3,000 sqft
Local Information
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Description
Legal 4 family with legal 3 bedroom basement for additional income! Discover an incredible investment opportunity with this well-maintained five-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. PROPERTY DETAILS: TAXES $9457 ? Multi-Family Property ? Two-story walk-up ? 5 Units ? Lot Size: 30 ? 100ft ? Brand new boiler and plumbing throughout building CURRENT RENT ROLL: ? Apt 1F: $2,040 ? Apt 1R: $2,417 ? Apt 2F: $3,385 ? Apt 2R: $2,387 ? Basement: $2,696 ? Total Income: $12,985 ? Yearly Gross Income: $155,820 EXPENSES: ? Approximately $25,000 CAP RATE: ? $165,000 (total income) - $25,000 (expenses) = $140,000 Potential Net Income
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
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Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 487 E 93rd St
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Heating & Cooling Heating: Baseboard, Other, Natural GasHeating Fuel: Baseboard |
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Year Built Year Built: 1930 |
Property Type / Style Property Type: Single Family Home |
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Lot Area: 3049.2 sqft |
Price History for 487 E 93rd St
| Date | Price | Event | Source |
|---|---|---|---|
| 10/06/2024 | $1,350,000 | PriceChange | OneKey® MLS as distributed by MLS GRID #3568800 |
| 07/29/2024 | $1,399,999 | Listed For Sale | OneKey® MLS as distributed by MLS GRID #3568800 |
Comparable Sales for 487 E 93rd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.22 | Single-Family Home | $605,000 | 01/26/26 | 6 | 3 | 1,696 | |
0.31 | Single-Family Home | $920,000 | 08/22/25 | 5 | 3 | 2,024 | |
0.46 | Single-Family Home | $850,000 | 04/24/26 | 5 | 2.5 | 2,400 | |
0.19 | Single-Family Home | $800,000 | 03/30/26 | 3 | 1 | 3,388 | |
0.36 | Single-Family Home | $730,000 | 01/14/26 | 3 | 2.5 | 2,520 | |
0.62 | Single-Family Home | $999,000 | 09/10/25 | 5 | 3.5 | 1,782 | |
0.25 | Single-Family Home | $350,000 | 02/12/26 | 3 | 2 | 1,781 | |
0.39 | Single-Family Home | $880,000 | 09/19/25 | 4 | 1.5 | 1,889 | |
0.90 | Single-Family Home | $1,075,000 | 05/08/26 | 7 | 4 | 3,120 | |
0.45 | Single-Family Home | $1,260,000 | 09/16/25 | 3 | 2 | 3,091 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 487 E 93rd St.
What Locals Say about Brownsville
At least 781 Trulia users voted on each feature.
91 % Say there are sidewalks
88 % Say it's walkable to grocery stores
71 % Say it's dog friendly
65 % Say it's walkable to restaurants
65 % Say kids play outside
64 % Say streets are well-lit
51 % Say there's holiday spirit
48 % Say yards are well-kept
48 % Say neighbors are friendly
47 % Say car is needed
43 % Say there are community events
38 % Say people would walk alone at night
34 % Say they plan to stay for at least 5 years
30 % Say parking is easy
29 % Say it's quiet
24 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
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487 E 93rd St, Brooklyn, NY 11203 is a 16 bedroom, 5 bathroom, 3,000 sqft single-family home built in 1930. 487 E 93rd St is located in Brownsville, Brooklyn. This property is not currently available for sale. The current Trulia Estimate for 487 E 93rd St is $1,298,500.