Brick Duplex with Two-Car
172 Bay Ridge Avenue, Brooklyn, NY 11220
For Sale
$1,598,000
Residential, Brooklyn, NY
Property Size3,146 SF
Lot Size0.04 Acres
Price / SF$507.95
Days on Market47
Property Features for 172 Bay Ridge Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Bellmarc
Listed By:
Ali G. Tom · License NY AT7155
(718) 768-4500
Added: Sep 30
Changed: Oct 28
Last Checked: Nov 15 at 3:06PM
MLS# 504969
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,146-square-foot brick duplex contains two apartments and a full basement. The first-floor unit has five rooms, two bedrooms and one full bath; the second-floor unit includes six rooms, three bedrooms and two full baths. The basement has a separate front entrance, interior access and street-level access. A built-in two-car garage and community driveway serve the property. Built in 1930, the home has window air conditioning, hardwood, ceramic and laminate flooring, a flat roof, a refrigerator and a stove. The property will be delivered vacant and requires renovation.
Located in Brooklyn’s Bay Ridge area, the property sits between the 3rd Avenue shopping and dining corridor and the Shore Road waterfront. It occupies a 19-by-100-foot lot, with a building footprint measuring 19 by 68 feet. Zoning is R3-2.
Located in Brooklyn’s Bay Ridge area, the property sits between the 3rd Avenue shopping and dining corridor and the Shore Road waterfront. It occupies a 19-by-100-foot lot, with a building footprint measuring 19 by 68 feet. Zoning is R3-2.
Key Highlights
- Two apartments: 5 rooms, 2 bedrooms and 1 full bath downstairs; 6 rooms, 3 bedrooms and 2 full baths upstairs
- 3,146‑square‑foot brick building on a 0.0449‑acre lot
- Full basement with separate front entrance, interior access and street‑level access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,671
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,873,420
$1.9M
Cap Rate 7%
$1,338,157
$1.3M
Cap Rate 9%
$1,040,789
$1.0M
Market Conditions
NOI Build-Up for 3,146 SF
Gross rent
$139.7K $44.40/SF
− Vacancy
−$5.9K −$1.86/SF
EGI
$133.8K $42.54/SF
− OpEx
−$40.1K −$12.76/SF
NOI
$93.7K $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%
$1,873,420
Cap Rate 7%
$1,338,157
Cap Rate 9%
$1,040,789
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,671 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,893 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,763 @ 7.0% cap · market cap 8.93%
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
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,330
Businesses Nearby
Explore this area
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
$1,021,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant apartments sit above a full basement with separate front and interior access.
Where is this duplex located?
The property is located at 172 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: Two apartments: 5 rooms, 2 bedrooms and 1 full bath downstairs; 6 rooms, 3 bedrooms and 2 full baths upstairs; 3,146‑square‑foot brick building on a 0.0449‑acre lot; Full basement with separate front entrance, interior access and street‑level access
