Brick Duplex with Finished
For Sale
$1,450,000
163 Bay Ridge Ave, Brooklyn, NY 11220
Two residential units offer three- and four-bedroom layouts, with additional finished basement space and a deep backyard.
Property Size2,160 SF
Lot Size0.07 Acres
Days on Market63
Property Features for 163 Bay Ridge Ave
General Information
Standard status
Active
Size
2,160 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,779
Building Details
Building Size
2,160 SF
Year Built
1925
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Elliman
Added: Aug 26
Changed: Oct 26
Last Checked: Oct 26 at 3:41PM
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
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Investment Insights
Based on property information with market context.
This 1925 brick duplex contains two residential units with substantial room counts. The first-floor apartment includes three bedrooms and an extension within an approximately 20 by 60-foot building footprint, while the upper apartment provides four bedrooms and two full bathrooms. A finished basement with its own front entry adds further interior space. Hardwood flooring, large rooms, plentiful natural light, and a generously sized kitchen are among the property’s stated features.
The parcel measures 20 by 145 feet and includes a deep rear yard suitable for outdoor activities, gardening, and gatherings. Located at 163 Bay Ridge Ave in Brooklyn, the property is near shopping, dining, schools, parks, and public transportation. Walk Score is 97, Transit Score is 86, and Bike Score is 82.
The parcel measures 20 by 145 feet and includes a deep rear yard suitable for outdoor activities, gardening, and gatherings. Located at 163 Bay Ridge Ave in Brooklyn, the property is near shopping, dining, schools, parks, and public transportation. Walk Score is 97, Transit Score is 86, and Bike Score is 82.
Key Highlights
- Two‑family brick duplex built in 1925
- First‑floor apartment with 3 bedrooms and an extension
- Upper apartment includes 4 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,313
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,260
$1.3M
Cap Rate 7%
$918,757
$918.8K
Cap Rate 9%
$714,589
$714.6K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$95.9K $44.40/SF
− Vacancy
−$4.0K −$1.86/SF
EGI
$91.9K $42.54/SF
− OpEx
−$27.6K −$12.76/SF
NOI
$64.3K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,260
Cap Rate 7%
$918,757
Cap Rate 9%
$714,589
Alternative Uses
Best Use
Multifamily LT 5
$918.8K
$803.9K – $1.07M
NOI $64,313 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,019 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,330
Businesses Nearby
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Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three- and four-bedroom layouts, with additional finished basement space and a deep backyard.
Where is this duplex located?
The property is located at 163 Bay Ridge Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Two‑family brick duplex built in 1925; First‑floor apartment with 3 bedrooms and an extension; Upper apartment includes 4 bedrooms and 2 full bathrooms
