Corner Brick Two-Family
1 Bay Ridge Parkway, Brooklyn, NY 11209
New
MULTI_FAMILY - Brooklyn, NY
Property size:
5,193 SFLot size:
0.06 AcresPrice / SF:
$481/SF- Added:
- May 20, 2026
- Days on Market:
- 3
- Last Refresh:
- May 22 at 6:06 pm
Property Features for 1 Bay Ridge Parkway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4A
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 3
- Parking features
- Garage
- Patio and Porch features
- Deck, Porch
- Interior features
- A/C Unit, Central Air, Deck, Dishwasher, Dryer, Microwave, Porch, Refrigerator, Stove, Terrace, Washer
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 5,193 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 19482
Utilities
- Water front
- 1
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Flooring type
- Tile, Carpet, Hardwood
- Building materials
- Brick, Masonry
- Roof type
- Asphalt, Shingle
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 20, 2026
MLS# 501635
Listing URL
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.
HighLights
- Breathtaking waterfront and park views from a prime Shore Road corner location.
- Rare oversized 2‑family brick residence with approximately 3,400 sq ft of living space.
- Additional 1,700 sq ft high‑ceiling basement with separate entrances, suitable for various uses.
- Updated kitchen with custom cabinetry, granite countertops, and spacious dining area.
- Private driveway and double‑car garages.
- Unbeatable location directly across from Shore Road parks, waterfront promenade, and biking paths.
Overview
This oversized corner brick two-family residence is located on Shore Road in Bay Ridge, Brooklyn. The property offers approximately 3,400 sq ft of living space, plus an additional 1,700 sq ft high-ceiling basement with separate entrances. The basement was formerly used as a medical office, providing flexibility for professional use, recreation, storage, or additional space. The first-floor unit features 2 bedrooms, a spacious living room, formal dining room, and 1 full bathroom. The second-floor residence offers 3 bedrooms and 2 full bathrooms, along with separate living and dining rooms filled with natural light and hardwood flooring throughout. Front and rear terraces showcase waterfront and park views. The updated kitchen includes custom cabinetry, granite countertops, tiled backsplash, and a spacious dining area. Additional features include oversized windows with open exposures, a private driveway, and a double-car garage. The property is located across from Shore Road parks, a waterfront promenade, biking paths, and recreation fields. The property sits on a lot of approximately 0.0568 acres and has a total size of 5,193 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$2.02M
NOI $181,868 @ 9.00% cap · cautious / downside scenario
Moderate
$2.60M
NOI $181,868 @ 7.00% cap · market / base-case scenario
Aggressive
$3.64M
NOI $181,868 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $264.8k | $51.00 |
| − Vacancy | −$5.0k | −$0.97 |
| EGI | $259.8k | $50.03 |
| − OpEx | −$77.9k | −$15.01 |
| NOI | $181.9k | $35.02 |
5,193 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$2.60M
$2.27M – $3.03M
NOI $181,868 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$2.26M
$1.98M – $2.64M
NOI $158,537 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$4.30M
$3.76M – $5.02M
NOI $300,986 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Aiello Michael MD
Physician
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.036609
- Latitude
- 40.633759
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Oversized Brooklyn two-family home with waterfront and park views.
Where is this duplex located?
The property is located at 1 Bay Ridge Parkway 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: Breathtaking waterfront and park views from a prime Shore Road corner location.; Rare oversized 2‑family brick residence with approximately 3,400 sq ft of living space.; Additional 1,700 sq ft high‑ceiling basement with separate entrances, suitable for various uses.
