Semi-Detached Six-Unit Brick
1564 Bay Ridge Avenue Brooklyn, NY 11219
1564 Bay Ridge Avenue, Brooklyn, NY, 11219
$1,489,000
For Sale
$1,489,000
MULTI_FAMILY - Brooklyn, NY
Property Size5,280 SF
Lot Size0.07 Acres
Price / SF$282.01
Days on Market60
Property Features for 1564 Bay Ridge Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 11
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 9, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 11, Bedroom 7, Bathroom 5, Bathroom 3, Bathroom 6, Bedroom 8, Bedroom 6, Bedroom 1, Bedroom 10
- Interior features
- Refrigerator
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 5,280 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 22369
Building Details
- Year built
- 1925
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
Tiger Realty
(917) 708-9966
1484 86th Street, Brooklyn, NY
Listed by
Yuyi Cheng
(917) 708-9966
Added: May 18 Checked: Jul 16 at 9:06 pm
MLS# 501540
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 semi-detached 6-family brick property is configured as a residential income building with a total of seven gas meters. The finished basement includes independent gas and electricity supplies and has a separate entrance. The building is described as fully occupied.
The property is located at 1564 Bay Ridge Avenue in Brooklyn and zoned R5. The listing notes a private driveway, which is highlighted as a rare feature. It also states convenient access to the D and N subway lines.
For buyers seeking a multi-family asset in Brooklyn, the combination of six occupied units and the independent basement utility setup may simplify management and tenant servicing. The separate basement entrance can also support practical day-to-day use within the building’s layout. Provided market-income figures in the listing indicate annual income of approximately $98,018.
The property is located at 1564 Bay Ridge Avenue in Brooklyn and zoned R5. The listing notes a private driveway, which is highlighted as a rare feature. It also states convenient access to the D and N subway lines.
For buyers seeking a multi-family asset in Brooklyn, the combination of six occupied units and the independent basement utility setup may simplify management and tenant servicing. The separate basement entrance can also support practical day-to-day use within the building’s layout. Provided market-income figures in the listing indicate annual income of approximately $98,018.
Key Highlights
- Semi‑detached 6‑family brick building built in 1925
- Fully occupied with annual income approx. $98,018
- Total of 7 gas meters
Local Financial Insights For Apartment 5plus
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 | $259.8k | $49.20 |
| − Vacancy | −$10.9k | −$2.07 |
| EGI | $248.9k | $47.13 |
| − OpEx | −$112.0k | −$21.21 |
| NOI | $136.9k | $25.92 |
5,280 SF · lease $49.20/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.71M – $2.28M
NOI $136,876 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.42M
$3.00M – $3.99M
NOI $239,602 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six fully occupied units in a semi-detached brick building with a private driveway and multiple gas meters.
Where is this apartment building located?
The property is located at 1564 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,489,000.
What are key features of this property?
This property features: Semi‑detached 6‑family brick building built in 1925; Fully occupied with annual income approx. $98,018; Total of 7 gas meters
