Renovated Two-Family House in
For Sale
$1,850,000
473 77th Street, Brooklyn, NY 11209
Renovated two-family house in Bay Ridge, Brooklyn, near transportation.
Property Size3,134 SF
Lot Size0.05 Acres
Price / SF$590.30
Days on Market836
Property Features for 473 77th Street
General Information
Standard status
Active
Size
3,134 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,550
Building Details
Year Built
1920
Listing Agency:
Ben Bay Realty Co
Listed By:
Phoebe F. Burger · License #PFB1940
(718) 680-6442
Source:
Exitrealty
Added: Jul 5, 2024
Changed: Oct 3
Last Checked: Oct 9 at 6:46PM
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 Ben Bay Realty Co
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a newly renovated, detached two-family house located in Bay Ridge. The building measures 25x46 feet and is situated on a 29x80 foot lot. Zoned R6B, the property features a total of 4 stories, with 9 bedrooms and 4.5 bathrooms. The house has separated heating and hot water systems. It is located near the R train and shopping areas. This property is suitable for either owner occupancy or investment purposes.
Key Highlights
- Newly renovated detached 2‑family house.
- Boasting 9 bedrooms and 4.5 bathrooms.
- Located in Bay Ridge, near R train and shopping.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,758
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,195,160
$2.2M
Cap Rate 7%
$1,567,971
$1.6M
Cap Rate 9%
$1,219,533
$1.2M
Market Conditions
NOI Build-Up for 3,134 SF
Gross rent
$159.8K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$156.8K $50.03/SF
− OpEx
−$47.0K −$15.01/SF
NOI
$109.8K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,195,160
Cap Rate 7%
$1,567,971
Cap Rate 9%
$1,219,533
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,758 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.59M
NOI $95,678 @ 7.0% cap · market cap 5.17%
Theoretical Best
Specialty Retail
$2.59M
$2.27M – $3.03M
NOI $181,647 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family house in Bay Ridge, Brooklyn, near transportation.
Where is this duplex located?
The property is located at 473 77th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Newly renovated detached 2‑family house.; Boasting 9 bedrooms and 4.5 bathrooms.; Located in Bay Ridge, near R train and shopping.
