Brooklyn 6-Family Brick
For Sale
$1,489,000
Pending
1564 Bay Ridge Ave, Brooklyn, NY 11219
Semi-detached 6-family brick property in desirable Brooklyn neighborhood.
Property Size5,280 SF
Days on Market163
Property Features for 1564 Bay Ridge Ave
General Information
Standard status
Pending
Size
5,280 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$22,369
Building Details
Building Size
5,280 SF
Year Built
1925
Stories
3
Listing Agency:
Tiger Realty
Listed By:
Yuyi Cheng
(917) 708-9966
Source:
Elliman
Added: May 19
Changed: Oct 27
Last Checked: Oct 26 at 3:48PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This semi-detached 6-family brick property is located in a desirable Brooklyn neighborhood. The property is fully occupied and generates a stable rental income. The annual income is approximately $98,018. It features a finished basement with a separate entrance. The building benefits from great natural light. A private driveway is included. The location provides easy access to the D and N subway lines.
Key Highlights
- Prime Brooklyn location with a Walk Score of 96 and excellent transit (Transit Score: 84).
- Strong investment potential with stable rental income and long‑term appreciation.
- Fully occupied 6‑family brick property generating approximately $98,018 annual income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,876
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,737,520
$2.7M
Cap Rate 7%
$1,955,371
$2.0M
Cap Rate 9%
$1,520,844
$1.5M
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$259.8K $49.20/SF
− Vacancy
−$10.9K −$2.07/SF
EGI
$248.9K $47.13/SF
− OpEx
−$112.0K −$21.21/SF
NOI
$136.9K $25.92/SF
Area
ZIP 11219
Vacancy
4.20%
Lease Rate
$49.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,737,520
Cap Rate 7%
$1,955,371
Cap Rate 9%
$1,520,844
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.71M – $2.28M
NOI $136,876 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.42M
$3.00M – $3.99M
NOI $239,602 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Semi-detached 6-family brick property in desirable Brooklyn neighborhood.
Where is this apartment building located?
The property is located at 1564 Bay Ridge Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,489,000.
What are key features of this property?
This property features: Prime Brooklyn location with a Walk Score of 96 and excellent transit (Transit Score: 84).; Strong investment potential with stable rental income and long‑term appreciation.; Fully occupied 6‑family brick property generating approximately $98,018 annual income.
