Bay Ridge Multifamily Investment
328 91st Street Brooklyn, NY 11209
For Sale
$2,168,888
MULTI_FAMILY - Brooklyn, NY
Property Size5,625 SF
Lot Size0.07 Acres
Price / SF$385.58
Days on Market260
Property Features for 328 91st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5B
- Bedrooms
- 12
- Bathrooms
- 7
- Rooms
- Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 10, Bedroom 6, Bathroom 7, Bathroom 2, Bedroom 1, Bedroom 11, Bedroom 8, Bathroom 6, Bedroom 9, Bathroom 5, Bedroom 12, Bathroom 1
- Interior features
- A/C Unit, Dishwasher, Refrigerator, Stove
- Basement
- Finished
- Standard status
- Active
- Size
- 5,625 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 23397
Building Details
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Stephanie X. Zhang · License #SZ7890
(718) 667-8000
Added: Nov 6, 2025
Changed: Jul 11
Last Checked: Jul 24 at 4:06AM
MLS# 497180
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 six-family building, located in Bay Ridge, presents a great investment opportunity. The building features two apartments on each floor. Each apartment includes two generously sized bedrooms, one full bathroom, and a separate kitchen. The sun-filled units have high ceilings and hardwood floors throughout, and all apartments are in good condition. The property also includes a finished basement. The building is conveniently located with easy access to public transportation, including the R train just a few minutes away. A Food Town supermarket is located on the corner, and restaurants, shops, and cafes are available on Third Avenue. The lot size is 0.0661 acres and the property size is 5625 square feet. The zoning is R5B.
Key Highlights
- 6‑family building with 2 apartments on each floor
- Each apartment features 2 bedrooms and 1 full bathroom, plus a separate kitchen
- Hardwood flooring throughout and high ceilings in each unit
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 | $318.6k | $56.64 |
| − Vacancy | −$6.4k | −$1.13 |
| EGI | $312.2k | $55.51 |
| − OpEx | −$140.5k | −$24.98 |
| NOI | $171.7k | $30.53 |
5,625 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.45M
$2.15M – $2.86M
NOI $171,725 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.66M
$4.08M – $5.43M
NOI $326,025 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six-family building in Bay Ridge with finished basement and great location.
Where is this apartment building located?
The property is located at 328 91st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,168,888.
What are key features of this property?
This property features: 6‑family building with 2 apartments on each floor; Each apartment features 2 bedrooms and 1 full bathroom, plus a separate kitchen; Hardwood flooring throughout and high ceilings in each unit
