429 74th Street Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jun 29, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 429 74th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R5B
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 6
- Interior features
- Refrigerator, Stove
- Standard status
- Active
- Size
- 2,425 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10949
Building Details
- Year built
- 1910
- Number of units
- 3
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent Mei Hua (Michelle) Dong License #10401364256 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Jun 29, 2026
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.
Located in Bay Ridge, the property is described as being near the shopping, restaurants, cafes, and everyday conveniences along 3rd and 5th Avenues. Transit access is highlighted with the R train at 77th Street and Bay Ridge Avenue stations nearby, along with multiple express and local bus lines including the X27, X37, B9, B16, B37, B63, and B70.
This configuration can fit investors seeking a three-unit residential building or end users who want the option to live in one unit while using the others to offset expenses. Zoned R5B, the property is being offered for sale at 429 74th Street, Brooklyn, NY 11209, with a total building size of 2,425 square feet and a lot size of 0.0406 acres.
Key Highlights
- Three‑family attached home with unit mix: 1‑bedroom (1st floor), 2‑bedroom (2nd floor), and 3‑bedroom (3rd floor).
- Year built 1910 with classic brick exterior and limestone home description; flat roof.
- Flooring includes tile and hardwood.
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 | $123.7k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $121.3k | $50.03 |
| − OpEx | −$36.4k | −$15.01 |
| NOI | $84.9k | $35.02 |
