1 Bay Ridge Pkwy Brooklyn, NY 11209
A corner two-family with terraces, hardwood interiors, and flexible basement space with separate entrances.
- Added:
- Jun 3, 2026
- Days on Market:
- 40
- Last Refresh:
- Jun 6 at 1:55 am
Property Features for 1 Bay Ridge Pkwy
General Information
- Standard status
- Active
- Size
- 5,100 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1970
Listing office Womcore LLC dba Remax Edge (718) 612-3088
Listing date Jun 3, 2026
Source Elliman
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Located on Shore Road in Bay Ridge, the property sits directly across from Shore Road parks, the waterfront promenade, biking paths, and recreation fields. The setting supports an active, waterfront lifestyle while remaining convenient for everyday access.
From a tenant or owner-operator perspective, the layout supports separate above-grade living spaces while preserving the option to adapt the basement for an office, recreation, or additional use depending on the operator’s needs. With multiple separate entrances and distinct living levels, it can also work well for households seeking privacy while staying connected within the same property.
Key Highlights
- Oversized corner brick 2‑family residence with waterfront and park views in Bay Ridge
- Approx. 3,400 sq ft of living space plus an additional 1,700 sq ft high‑ceiling basement with separate entrances
- Basement previously used as a medical office, offering flexible space for professional use, recreation, storage, or more
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 | $260.1k | $51.00 |
| − Vacancy | −$4.9k | −$0.97 |
| EGI | $255.2k | $50.03 |
| − OpEx | −$76.5k | −$15.01 |
| NOI | $178.6k | $35.02 |