# 487 E 93rd Street, Brooklyn, NY 11212

> **TL;DR:** residential multi family, $1,200,000, built 1930. Est. $5,200/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,200,000 |
| Year Built | 1930 |
| Lot Size | 3,001 sqft (0.07 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 4 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,200 |
| **Total** | **$5,200** |

## Nearby Schools

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

## Property Highlights

- Built in 1930
- 0.07 acre lot
- 3 parking spaces

## Description

### Agent Description
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 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. 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

## Location

- **Address:** 487 E 93rd Street, Brooklyn, NY 11212
- **County:** Kings (Brooklyn)
- **Coordinates:** 40.655094, -73.918373
- **Google Maps:** https://www.google.com/maps?q=40.655094,-73.918373

## Listing Agent

- **Name:** Steven S. Benshabat
- **Brokerage:** Exit Realty First Choice
- **Phone:** 7183802500
- **Email:** slrnyc5@gmail.com

## Primary Photo

![487 E 93rd Street - Primary Photo](http://lh.rdcpix.com/7bfc0d32f54e65a2425d23a72b77583el-f2301218742r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/487-e-93rd-street-brooklyn-ny-11212-y983544)*

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**MLS#:** 983544 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/487-e-93rd-street-brooklyn-ny-11212-y983544)

---

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