Brooklyn Multifamily Property for
For Sale
$1,799,000
Pending
1734 Bay Ridge Avenue, Brooklyn, NY 11204
Multifamily property available in Brooklyn, New York.
Property Size2,250 SF
Days on Market663
Property Features for 1734 Bay Ridge Avenue
General Information
Standard status
Pending
Size
2,250 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,672
Building Details
Year Built
1930
Listing Agency:
Century 21 Realty First
Listed By:
Anthony Frazzetta · License #FRA465
(718) 758-5838
Source:
Exitrealty
Added: Jan 4, 2025
Changed: Oct 25
Last Checked: Oct 11 at 5:30AM
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 Century 21 Realty First
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Investment Insights
Based on property information with market context.
A multifamily property is available for sale in Brooklyn, New York. The list price is $1,799,000.
Key Highlights
- Year Built: 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,690
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,800
$1.4M
Cap Rate 7%
$981,286
$981.3K
Cap Rate 9%
$763,222
$763.2K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$127.4K $56.64/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$124.9K $55.51/SF
− OpEx
−$56.2K −$24.98/SF
NOI
$68.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,800
Cap Rate 7%
$981,286
Cap Rate 9%
$763,222
Alternative Uses
Best Use
Apartment 5plus
$981.3K
$858.6K – $1.14M
NOI $68,690 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,410 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,088
Businesses Nearby
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Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property available in Brooklyn, New York.
Where is this multifamily property located?
The property is located at 1734 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Year Built: 1930
