Corner Duplex with Two-Unit
For Sale
$2,499,999
6801 Ridge Boulevard, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property Size3,792 SF
Lot Size0.13 Acres
Price / SF$659.28
Days on Market192
Property Features for 6801 Ridge Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4B
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 7, Bathroom 1, Bedroom 4
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bay Ridge
Standard status
Active
Size
3,792 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
13110
Building Details
Year built
1905
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood, Ceramic
Building materials
Block, Wood Frame
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Vito Angelo · License #40AN0957928
(718) 532-2000
Added: Feb 10
Changed: Aug 18
Last Checked: Aug 21 at 10:06PM
MLS# 498817
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 corner duplex offers a two-unit layout with a spacious 2nd-floor duplex and a separate 2-bedroom apartment. The upper unit features five bedrooms and includes a separate living area, dining area, and an eat-in kitchen. The lower apartment includes two bedrooms and a separate living room, dining area, and eat-in kitchen. Interior features include a refrigerator and stove, and the home includes tile, hardwood, and ceramic flooring. The property is constructed with block and wood frame materials and was built in 1905.
The site is situated on a 0.1324-acre lot and is zoned R4B. The property is also described as presenting an approximately 9,000 buildable square feet development opportunity, with architectural plans attached for review. Total property size is listed as 3,792 square feet.
This configuration supports multiple uses, including rental income or end-use, with the attached plans aligning to the stated development concept.
The site is situated on a 0.1324-acre lot and is zoned R4B. The property is also described as presenting an approximately 9,000 buildable square feet development opportunity, with architectural plans attached for review. Total property size is listed as 3,792 square feet.
This configuration supports multiple uses, including rental income or end-use, with the attached plans aligning to the stated development concept.
Key Highlights
- Five‑bedroom 2nd‑floor duplex over a two‑bedroom apartment
- Corner property with separate living, dining, and eat‑in kitchen areas
- Approximately 9,000 buildable square feet development opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,905
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,258,100
$2.3M
Cap Rate 7%
$1,612,929
$1.6M
Cap Rate 9%
$1,254,500
$1.3M
Market Conditions
NOI Build-Up for 3,792 SF
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.
Gross rent
$168.4K $44.40/SF
− Vacancy
−$7.1K −$1.86/SF
EGI
$161.3K $42.54/SF
− OpEx
−$48.4K −$12.76/SF
NOI
$112.9K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,258,100
Cap Rate 7%
$1,612,929
Cap Rate 9%
$1,254,500
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.88M
NOI $112,905 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.69M
NOI $101,120 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,078 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Corner duplex with a five-bedroom upper unit over a two-bedroom apartment, zoned R4B on 0.1324 acres.
Where is this duplex located?
The property is located at 6801 Ridge Boulevard Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: Five‑bedroom 2nd‑floor duplex over a two‑bedroom apartment; Corner property with separate living, dining, and eat‑in kitchen areas; Approximately 9,000 buildable square feet development opportunity
