1838 Bay Ridge Avenue Brooklyn, NY 11204
MULTI_FAMILY - Brooklyn, NY
- Added:
- Mar 10, 2025
- Days on Market:
- 491
- Last Refresh:
- Jul 13 at 7:06 pm
Property Features for 1838 Bay Ridge Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, 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
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.
Key Highlights
- Semi‑detached brick house built in 1924
- 4 separate units with multiple bathrooms (Bathroom 1–Bathroom 5 listed)
- Finished basement and shared driveway
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 |
