Four-Unit Brick
1838 Bay Ridge Avenue, Brooklyn, NY 11204
Well-maintained four-unit brick house with investment potential.
Type:Multi Family
Property size:
3,026 SFLot size:
0.06 AcresPrice / SF:
$594/SF- Added:
- Mar 14, 2025
- Days on Market:
- 442
- Last Refresh:
- May 28 at 1:01 am
Property Features for 1838 Bay Ridge Avenue
General Information
- Standard status
- Active
- Size
- 3,026 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1924
Listing agent Hang (Tyler) Chen (917) 708-9966
Listing office Tiger Realty (917) 708-9966
Listing date Mar 14, 2025
Source Exitrealty
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 Tiger Realty
HighLights
- Four separate units offer investment potential or multi‑family living.
- Well‑maintained brick house.
- Finished basement provides additional living space.
- Convenient neighborhood location.
- Easy access to amenities and public transport.
- 25x100 lot provides outdoor space.
Overview
This well-maintained semi-detached brick house features four separate units, presenting an opportunity for investment or multi-family living. The property includes a finished basement and a shared driveway. The house measures 20x76 and is situated on a 25x100 lot, providing outdoor space. The property is located in a convenient neighborhood with access to amenities and public transport. The building has a size of 3,026 square feet.
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 | $154.3k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $151.4k | $50.03 |
| − OpEx | −$45.4k | −$15.01 |
| NOI | $106.0k | $35.02 |
3,026 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.77M
NOI $105,976 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,381 @ 7.0% cap · market cap 5.14%
Theoretical Best
Specialty Retail
$2.51M
$2.19M – $2.92M
NOI $175,387 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.991687
- Latitude
- 40.616054
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit brick house with investment potential.
Where is this quadplex located?
The property is located at 1838 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: Four separate units offer investment potential or multi‑family living.; Well‑maintained brick house.; Finished basement provides additional living space.
