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    Oversized Corner Brick Two-Family Title is generated by Realmo AI

    1 Bay Ridge Pkwy, Brooklyn, NY 11209

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    For Sale
    $2,500,000

    A corner two-family with terraces, hardwood interiors, and flexible basement space with separate entrances.

    Type:Multi Family
    Property size:
    5,100 SF
    Price / SF:
    $490/SF
    Added:
    Jun 3, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 1:55 am

    Property Features for 1 Bay Ridge Pkwy

    General Information

    Standard status
    Active
    Size
    5,100 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1970

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    Listing Contact
    Jason Zhou
    Jason Zhou

    Listing agent Jason Zhou License #10301217017

    Listing office Womcore LLC dba Remax Edge

    Listing date Jun 3, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Womcore LLC dba Remax Edge

    HighLights

    • Oversized corner brick 2‑family residence with waterfront and park views in Bay Ridge
    • Approx. 3,400 sq ft of living space plus an additional 1,700 sq ft high‑ceiling basement with separate entrances
    • Basement previously used as a medical office, offering flexible space for professional use, recreation, storage, or more
    • 1st‑floor unit: 2 bedrooms, spacious living room, formal dining room, and 1 full bathroom
    • 2nd‑floor residence: 3 bedrooms, 2 full bathrooms, separate living and dining rooms, and hardwood flooring
    • Front and rear terraces, private driveway, and double‑car garages

    Overview

    This rare oversized corner brick two-family residence offers substantial interior flexibility and distinctive outdoor space. The home’s first-floor unit features two bedrooms, a spacious living room, a formal dining room, and one full bathroom. The second-floor residence includes three bedrooms, two full bathrooms, and separate living and dining rooms with abundant natural light and hardwood flooring throughout. Front and rear terraces provide outdoor space with waterfront and park views. There is also a high-ceiling basement of substantial size with separate entrances, which was formerly used as a medical office and could support a range of professional or personal uses, along with storage. Additional features include oversized windows with open exposures, a private driveway, and double-car garages.

    Located on Shore Road in Bay Ridge, the property sits directly across from Shore Road parks, the waterfront promenade, biking paths, and recreation fields. The setting supports an active, waterfront lifestyle while remaining convenient for everyday access.

    From a tenant or owner-operator perspective, the layout supports separate above-grade living spaces while preserving the option to adapt the basement for an office, recreation, or additional use depending on the operator’s needs. With multiple separate entrances and distinct living levels, it can also work well for households seeking privacy while staying connected within the same property.

    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 $260.1k $51.00
    − Vacancy −$4.9k −$0.97
    EGI $255.2k $50.03
    − OpEx −$76.5k −$15.01
    NOI $178.6k $35.02
    5,100 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $2.55M
    $2.23M – $2.98M (±1% cap)
    NOI $178,611 @ 7.0% cap · market cap 7.14%
    Second Best
    Apartment 5plus
    $2.22M
    $1.95M – $2.59M (±1% cap)
    NOI $155,698 @ 7.0% cap · market cap 6.23%
    Theoretical Best
    Specialty Retail
    $4.22M
    $3.69M – $4.93M (±1% cap)
    NOI $295,596 @ 7.0% cap · market cap 11.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Aiello Michael MD Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.036242
    Latitude
    40.633925

    FAQs

    What type of property is this?
    Duplex - A corner two-family with terraces, hardwood interiors, and flexible basement space with separate entrances.
    Where is this duplex located?
    The property is located at 1 Bay Ridge Pkwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Oversized corner brick 2‑family residence with waterfront and park views in Bay Ridge; Approx. 3,400 sq ft of living space plus an additional 1,700 sq ft high‑ceiling basement with separate entrances; Basement previously used as a medical office, offering flexible space for professional use, recreation, storage, or more
    More about this property
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