Bay Ridge 6-Family
7922 6th Ave Brooklyn, NY 11209
7922 6th Ave, Brooklyn, NY, 11209
$1,199,000
For Sale
$1,199,000
Well-maintained, income-producing 6-family building in prime Bay Ridge location.
Property Size2,000 SF
Lot Size0.07 Acres
Price / SF$599.50
Days on Market88
Property Features for 7922 6th Ave
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1931
Listing Agency
Ben Bay Realty Co
(718) 680-6442
Listed by
Nicholas Venturini · License #NV3472
(718) 680-6442
Source
Elliman
Added: Apr 21 Checked: Jul 17 at 4:46 am
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
Investment Insights
Based on property information with market context.
This fully brick 6-family building is located in the heart of Bay Ridge. Situated on a 26 x 114 lot with a 25 x 80 building size, this property offers scale and stability for investors. The well-maintained building features six spacious 2-bedroom apartments, all in immaculate condition with an abundance of natural sunlight throughout. Each unit is separately metered for gas and electric, providing added convenience and efficiency. The property includes a large backyard, and recent brick pointing ensures the building is in excellent structural condition. The location provides excellent access to public transportation, including the R train at 77th Street Station, along with nearby local and express bus lines such as the B1 bus, B64 bus, and X27 bus. Quick access to the Belt Parkway makes commuting throughout Brooklyn and into Manhattan seamless. The bike score is 81, making it very bikeable, the walk score is 96, making it a walker's paradise, and the transit score is 91, making it a rider's paradise. This is an opportunity to own a solid, income-producing property close to shopping, dining, and transportation.
Key Highlights
- Prime Bay Ridge location, close to shopping, dining, and transportation.
- Six spacious, well‑maintained 2‑bedroom apartments, all in immaculate condition with abundant natural sunlight.
- Excellent access to public transportation: R train, local/express buses, and quick access to the Belt Parkway.
Local Financial Insights For Apartment 5plus
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 | $113.3k | $56.64 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $111.0k | $55.51 |
| − OpEx | −$50.0k | −$24.98 |
| NOI | $61.1k | $30.53 |
2,000 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained, income-producing 6-family building in prime Bay Ridge location.
Where is this apartment building located?
The property is located at 7922 6th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Prime Bay Ridge location, close to shopping, dining, and transportation.; Six spacious, well‑maintained 2‑bedroom apartments, all in immaculate condition with abundant natural sunlight.; Excellent access to public transportation: R train, local/express buses, and quick access to the Belt Parkway.
