Brooklyn Five-Family Brick
1456 Bay Ridge Avenue, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
Property size:
4,680 SFLot size:
0.05 AcresPrice / SF:
$405/SF- Added:
- Nov 10, 2022
- Days on Market:
- 1295
- Last Refresh:
- May 28 at 12:06 am
Property Features for 1456 Bay Ridge Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 9
- Bathrooms
- 5
- Rooms
- Bedroom 5, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 7, Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 8, Bedroom 9
- Interior features
- Dishwasher, Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 4,680 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14978
Building Details
- Year built
- 1909
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent Vito Angelo License #VITLO524 (718) 532-2000
Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY (718) 532-2000
Listing date Nov 10, 2022
MLS# 468968
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Renovated 3‑bedroom owner's unit on the first floor with private backyard access.
- Five‑family brick building in Dyker Heights.
- Four rental units provide income potential (two 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath).
- Convenient location: 1 block from the D train.
- Semi‑finished basement with separate entrance and backyard access.
- Building size: 4,680 sq. ft. on a 20x100 sq. ft. lot.
Overview
This is a three-story brick five-family building located in Dyker Heights, Brooklyn. The building has a total area of 4,680 square feet and is situated on a 20x100 sq. ft. lot, which is approximately 0.0459 acres. The property includes a semi-finished basement with a separate entrance and access to the backyard. The first floor features a completely renovated 3-bedroom, 1-bath owner's unit that provides access to a private, spacious backyard. There are four rental units, consisting of two 1-bedroom/1-bath units and two 2-bedroom/1-bath units. The tenants are currently on a month-to-month basis. The first-floor 3-bedroom, 1-bath unit and both 2-bedroom, 1-bath units are notable features. The property is located one block from the D train and is close to shopping areas.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.35M
NOI $121,322 @ 9.00% cap · cautious / downside scenario
Moderate
$1.73M
NOI $121,322 @ 7.00% cap · market / base-case scenario
Aggressive
$2.43M
NOI $121,322 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $230.3k | $49.20 |
| − Vacancy | −$9.7k | −$2.07 |
| EGI | $220.6k | $47.13 |
| − OpEx | −$99.3k | −$21.21 |
| NOI | $121.3k | $25.92 |
4,680 SF · lease $49.20/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.73M
$1.52M – $2.02M
NOI $121,322 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,375 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.000344
- Latitude
- 40.621283
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Three-story, five-family building in Dyker Heights, Brooklyn.
Where is this apartment building located?
The property is located at 1456 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Renovated 3‑bedroom owner's unit on the first floor with private backyard access.; Five‑family brick building in Dyker Heights.; Four rental units provide income potential (two 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath).
