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    Corner Brick Two-Family Residence

    1 Bay Ridge Parkway Brooklyn, NY 11209

    Claim this Listing
    For Sale
    $2,500,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    5,193 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $481/SF
    Added:
    May 20, 2026
    Days on Market:
    54
    Last Refresh:
    Jul 12 at 4:06 am

    Property Features for 1 Bay Ridge Parkway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R4A
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 3
    Parking features
    Garage
    Patio and Porch features
    Deck, Porch
    Interior features
    A/C Unit, Central Air, Deck, Dishwasher, Dryer, Microwave, Porch, Refrigerator, Stove, Terrace, Washer
    Basement
    Finished, Full
    Standard status
    Active
    Size
    5,193 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    19482

    Utilities

    Water front
    1

    Building Details

    Year built
    1970
    Floors in Building
    2
    Flooring type
    Tile, Carpet, Hardwood
    Building materials
    Brick, Masonry
    Roof type
    Asphalt, Shingle

    Listing agent Jason Zhou License #10301217017

    Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY

    Listing date May 20, 2026

    MLS# 501635 Listing URL

    Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This oversized corner brick two-family residence is located on Shore Road in Bay Ridge, Brooklyn. The property offers approximately 3,400 sq ft of living space, plus an additional 1,700 sq ft high-ceiling basement with separate entrances. The basement was formerly used as a medical office, providing flexibility for professional use, recreation, storage, or additional space. The first-floor unit features 2 bedrooms, a spacious living room, formal dining room, and 1 full bathroom. The second-floor residence offers 3 bedrooms and 2 full bathrooms, along with separate living and dining rooms filled with natural light and hardwood flooring throughout. Front and rear terraces showcase waterfront and park views. The updated kitchen includes custom cabinetry, granite countertops, tiled backsplash, and a spacious dining area. Additional features include oversized windows with open exposures, a private driveway, and a double-car garage. The property is located across from Shore Road parks, a waterfront promenade, biking paths, and recreation fields. The property sits on a lot of approximately 0.0568 acres and has a total size of 5,193 square feet.

    Key Highlights

    • Breathtaking waterfront and park views from a prime Shore Road corner location.
    • Rare oversized 2‑family brick residence with approximately 3,400 sq ft of living space.
    • Additional 1,700 sq ft high‑ceiling basement with separate entrances, suitable for various uses.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $264.8k $51.00
    − Vacancy −$5.0k −$0.97
    EGI $259.8k $50.03
    − OpEx −$77.9k −$15.01
    NOI $181.9k $35.02
    5,193 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $2.60M
    $2.27M – $3.03M (±1% cap)
    NOI $181,868 @ 7.0% cap · market cap 7.27%
    Second Best
    Apartment 5plus
    $2.26M
    $1.98M – $2.64M (±1% cap)
    NOI $158,537 @ 7.0% cap · market cap 6.34%
    Theoretical Best
    Specialty Retail
    $4.30M
    $3.76M – $5.02M (±1% cap)
    NOI $300,986 @ 7.0% cap · market cap 12.04%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Aiello Michael MD Physician

    Suggested Use

    Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Gym & Fitness Center Daycare Center Building Supply Auto Repair Shop HVAC Service Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Oversized Brooklyn two-family home with waterfront and park views.
    Where is this duplex located?
    The property is located at 1 Bay Ridge Parkway Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Breathtaking waterfront and park views from a prime Shore Road corner location.; Rare oversized 2‑family brick residence with approximately 3,400 sq ft of living space.; Additional 1,700 sq ft high‑ceiling basement with separate entrances, suitable for various uses.
    Contact an agent
    (718) 612-3088
    We can help!
    Contact an agent
    Jason Zhou
    Jason Zhou
    Real Estate License ID: 10301217017
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