474 Bay Ridge Avenue Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
- Added:
- May 29, 2026
- Days on Market:
- 45
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 474 Bay Ridge Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5B
- Bedrooms
- 5
- Bathrooms
- 7
- Rooms
- Bathroom 4, Bathroom 7, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 6, Bedroom 4, Bathroom 5, Bathroom 3
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,042 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10258
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Flooring type
- Laminate, Carpet, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Jason Zhou License #10301217017 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 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.
The building is located at 474 Bay Ridge Avenue in Brooklyn, NY 11220 and is zoned R5B. Annual property taxes are approximately $10,385, according to the provided information.
For tenants, this configuration can support multiple household sizes within one building, with opportunities to place new residents into currently available first- and second-floor units. For owner-occupants or investors, the existing occupancy on the third floor combined with the four vacant units may offer operational flexibility for managing leasing across a compact six-unit footprint. The listing also notes that an open house is by appointment only, and that any purchaser must provide a substantial down payment to qualify for mortgage financing for the purchase.
Key Highlights
- Solid brick 6‑family building built in 1910
- 20' x 96' lot with building size approx. 20' x 55'
- Includes multiple apartments with 4 vacant units and 2 tenant‑occupied units on the 3rd floor (front and rear)
Local 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 | $153.3k | $50.40 |
| − Vacancy | −$5.8k | −$1.92 |
| EGI | $147.5k | $48.48 |
| − OpEx | −$66.4k | −$21.82 |
| NOI | $81.1k | $26.67 |
