Brooklyn Multifamily Investment
1838 Bay Ridge Avenue, Brooklyn, NY 11204
MULTI_FAMILY - Brooklyn, NY
Property size:
3,026 SFLot size:
0.06 AcresPrice / SF:
$660/SF- Added:
- Mar 10, 2025
- Days on Market:
- 446
- Last Refresh:
- May 29 at 12:06 pm
Property Features for 1838 Bay Ridge Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 4, Bathroom 3
- Interior features
- Dryer, Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,026 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15964
Building Details
- Year built
- 1924
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Hang (Tyler) Chen (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Mar 10, 2025
MLS# 489850
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.
HighLights
- 4 Separate Units: Ideal for investment or multi‑family living.
- Finished Basement: Adds valuable living or storage space.
- Brick Construction: Durable and aesthetically appealing.
- Convenient Location: Easy access to amenities and public transport.
- Shared Driveway: Provides off‑street parking.
- 25x100 Lot: Offers additional outdoor space.
Overview
This well-maintained semi-detached brick house, located in Brooklyn, NY, features 4 separate units, offering investment potential or multi-family living. The property has a finished basement and a shared driveway. Situated on a 25x100 lot, the house itself measures 20x76, providing outdoor space. The property size is 3026 square feet. Located in a convenient neighborhood, the property offers easy access to amenities and public transport. The zoning is R5. The lot size is 0.0574 acres.
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 | $154.3k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $151.4k | $50.03 |
| − OpEx | −$45.4k | −$15.01 |
| NOI | $106.0k | $35.02 |
3,026 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.77M
NOI $105,976 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,381 @ 7.0% cap · market cap 4.62%
Theoretical Best
Specialty Retail
$2.51M
$2.19M – $2.92M
NOI $175,387 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.991708
- Latitude
- 40.616064
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained 4-unit property in Brooklyn with investment potential.
Where is this quadplex located?
The property is located at 1838 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: 4 Separate Units: Ideal for investment or multi‑family living.; Finished Basement: Adds valuable living or storage space.; Brick Construction: Durable and aesthetically appealing.
