Six-Family Apartment Building with
For Sale
$1,489,000
1564 Bay Ridge Avenue, Brooklyn, NY 11219
Residential, Brooklyn, NY
Property Size5,280 SF
Lot Size0.07 Acres
Price / SF$282.01
Days on Market149
Property Features for 1564 Bay Ridge Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bedroom 11, Bedroom 2, Bedroom 9, Bathroom 3, Bedroom 5, Bathroom 5, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 10, Bathroom 4, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 6, Bedroom 4
Interior features
Refrigerator
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
5,280 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
22369
Amenities
private driveway
finished basement
Building Details
Year built
1925
Floors in Building
3
Number of units
6
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yuyi Cheng
(718) 838-2600
Added: May 18
Changed: Oct 10
Last Checked: Oct 13 at 1:06PM
MLS# 501540
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.
Investment Insights
Based on property information with market context.
This semi-detached brick apartment building contains six residential units and 5,280 square feet. Built in 1925, the property includes a finished basement with its own entrance, a private driveway, and seven gas meters. The basement has separate gas and electric service. Interior finishes include hardwood and tile flooring, and the building has a flat roof. A refrigerator is included among the interior features.
The property is located in Brooklyn, NY 11219, with access to the D and N subway lines. R5 zoning applies to the site, which occupies 0.0689 acres. The building is fully occupied and includes six bathrooms and multiple bedrooms across the residential layout.
The property is located in Brooklyn, NY 11219, with access to the D and N subway lines. R5 zoning applies to the site, which occupies 0.0689 acres. The building is fully occupied and includes six bathrooms and multiple bedrooms across the residential layout.
Key Highlights
- Six‑family semi‑detached brick apartment building
- 5,280 square feet on a 0.0689‑acre lot
- Private driveway included
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
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Open Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied brick residential property with a finished basement, separate entrance, and dedicated utility services.
Where is this apartment building located?
The property is located at 1564 Bay Ridge Avenue 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: Six‑family semi‑detached brick apartment building; 5,280 square feet on a 0.0689‑acre lot; Private driveway included
