1838 Bay Ridge Avenue Brooklyn, NY 11204
Well-maintained four-unit brick house with investment potential.
- Added:
- Mar 14, 2025
- Days on Market:
- 487
- 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 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
Investment Insights
Based on property information with market context.
Key Highlights
- Four separate units offer investment potential or multi‑family living.
- Well‑maintained brick house.
- Finished basement provides additional living space.
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 |
