522 Bay Ridge Ave, Brooklyn, NY 11220
- Added:
- Oct 24, 2024
- Days on Market:
- 597
- Last Refresh:
- Jun 12 at 9:06 am
Property Features for 522 Bay Ridge Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 600
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Parking features
- Garage
- Standard status
- Active
- Size
- 4,800 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 22479
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1931
- Year renovated
- 1931
- Floors in Building
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing agent Vito Angelo (718) 887-5708
Listing office REMAX REAL ESTATE PROFESSIONALS 6423 11th AVE, BROOKLYN, NY (718) 887-5708
Listing date Oct 24, 2024
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Rent‑stabilized 6‑family brick building.
- Projected Annual Rent Roll $146,000.
- Six 1‑bedroom/1‑bath units with MODERN kitchens and bathrooms.
- Well‑maintained with hardwood flooring and large windows.
- Secure intercom system and video surveillance.
- Located in a vibrant Bay Ridge neighborhood with excellent schools, dining, entertainment, and easy access to public transportation.
Overview
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 | $241.9k | $50.40 |
| − Vacancy | −$9.2k | −$1.92 |
| EGI | $232.7k | $48.48 |
| − OpEx | −$104.7k | −$21.82 |
| NOI | $128.0k | $26.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.020485
- Latitude
- 40.632995
