Brick 4-Unit
1838 Bay Ridge Avenue, Brooklyn, NY 11204
For Sale
$1,998,000
Residential, Brooklyn, NY
Property Size3,026 SF
Lot Size0.06 Acres
Price / SF$660.28
Days on Market616
Property Features for 1838 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
Amenities
finished basement
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License NY HC3855
(917) 708-9966
Added: Mar 10, 2025
Changed: Oct 30
Last Checked: Nov 15 at 5:06PM
MLS# 489850
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.
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Investment Insights
Based on property information with market context.
This semi-detached brick quadplex contains four separate units within a 3,026-square-foot property. The building measures 20x76, sits on a 25x100 lot, and includes a finished basement, shared driveway, flat roof, and tile flooring. Interior appliances include a refrigerator, stove, and dryer. The property was built in 1924 and includes five bathrooms.
Located at 1838 Bay Ridge Avenue in Brooklyn, the property is positioned near amenities and public transportation. R5 zoning supports its established residential configuration.
Located at 1838 Bay Ridge Avenue in Brooklyn, the property is positioned near amenities and public transportation. R5 zoning supports its established residential configuration.
Key Highlights
- Four separate residential units
- 3,026 square feet of property size
- 25x100 lot with 0.0574 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,976
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,119,520
$2.1M
Cap Rate 7%
$1,513,943
$1.5M
Cap Rate 9%
$1,177,511
$1.2M
Market Conditions
NOI Build-Up for 3,026 SF
Gross rent
$154.3K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$151.4K $50.03/SF
− OpEx
−$45.4K −$15.01/SF
NOI
$106.0K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,119,520
Cap Rate 7%
$1,513,943
Cap Rate 9%
$1,177,511
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.77M
NOI $105,976 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,381 @ 7.0% cap · market cap 4.62%
Theoretical Best
Specialty Retail
$2.51M
$2.19M – $2.92M
NOI $175,387 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,853
Businesses Nearby
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Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Semi-detached brick property with a finished basement, shared driveway, and R5 zoning.
Where is this quadplex located?
The property is located at 1838 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Four separate residential units; 3,026 square feet of property size; 25x100 lot with 0.0574 acres
