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    416 Bay Ridge Ave Brooklyn, NY 11220

    New
    For Sale
    $1,880,000

    Mixed Use - Brooklyn, NY

    Type:Mixed Use
    Property size:
    3,300 SF
    Lot size:
    0.05 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 9 at 11:06 am

    Property Features for 416 Bay Ridge Ave

    General Information

    Property type
    Other
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    R5B
    Size
    3,300 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1931
    Floors in Building
    3
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    Ashford Homes LLC (929) 364-1301

    Listing agent Ray Long Wu (929) 364-1301

    Listing date Dec 8, 2025

    MLS# 497780 Listing URL

    Copyright © 2025 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.

    Overview

    Mixed-Use Investment in Bay Ridge

    This mixed-use property is located in the Bay Ridge neighborhood. The building features one commercial unit and three newly renovated residential apartments. The commercial unit, currently occupied by a barbershop, generates a monthly rent of $1,680. The tenant is responsible for hot water and electricity. The first-floor rear apartment is a vacant, fully updated 2-bedroom unit. The second floor contains a 5-bedroom, 1.5-bath apartment with modern renovations, rented for $3,255 per month. The third floor also features a 5-bedroom, 1.5-bath newly renovated apartment, currently rented at $3,150 per month. The property is situated on a lot of approximately 0.0459 acres and the building size is approximately 3,300 square feet. The zoning is R5B. This location is suitable for both residential and commercial tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.02304
    Latitude
    40.634461

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with commercial unit and renovated residential apartments.
    Where is this mixed-use property located?
    The property is located at 416 Bay Ridge Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,880,000.
    What are key features of this property?
    This property features: - Prime Bay Ridge location offers high demand.; - Strong rental income with additional income potential.; - Newly renovated residential units attract high-quality tenants.
    (929) 364-1301
    Request Owner's contact information
    416 Bay Ridge Ave Brooklyn, NY 11220
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    Brooklyn, NY 11220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    416 Bay Ridge Ave Brooklyn, NY 11220
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