Four-Unit Brick
1854 Bay Ridge Avenue, Brooklyn, NY 11204
For Sale
$2,349,999
Residential Income, Brooklyn, NY
Property Size3,026 SF
Lot Size0.06 Acres
Price / SF$776.60
Days on Market49
Property Features for 1854 Bay Ridge Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Lot features
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Michael Braccia · License NY #10401327798
(718) 668-2550
Added: Sep 28
Changed: Nov 4
Last Checked: Nov 15 at 5:06PM
MLS# 2605480
Copyright © 2026 Staten Island Board of Realtors. 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 3,026-square-foot brick quadplex contains four residential units with a combined seven bedrooms. Unit layouts range from one to two bedrooms, and the property also has an approved accessory dwelling unit in the basement, with a kitchen, three-quarter bathroom, and open living area. The basement is partially finished. Built in 1924, the property has steam heat fueled by natural gas and a shared driveway.
The 0.0574-acre parcel measures 26.67 by 100 feet and is zoned R5. The 79th Street D train station is a few blocks away, with additional D and N train access near 18th Avenue. B4 and B8 bus routes serve the area, and the 86th Street commercial corridor has shops, restaurants, supermarkets, and neighborhood businesses.
The 0.0574-acre parcel measures 26.67 by 100 feet and is zoned R5. The 79th Street D train station is a few blocks away, with additional D and N train access near 18th Avenue. B4 and B8 bus routes serve the area, and the 86th Street commercial corridor has shops, restaurants, supermarkets, and neighborhood businesses.
Key Highlights
- Four residential units with seven bedrooms in total
- Approved basement accessory dwelling unit with kitchen, three‑quarter bathroom, and open living area
- 3,026 square feet on a 0.0574‑acre lot measuring 26.67 x 100 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,976
Cap Rate
4.51%
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 4.51%
Second Best
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,381 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$2.51M
$2.19M – $2.92M
NOI $175,387 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
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
$1,097,200
Median Home Value
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Market
Average Price Trend$/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 - Four apartments and an approved basement accessory dwelling unit offer distinct residential spaces.
Where is this quadplex located?
The property is located at 1854 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,349,999.
What are key features of this property?
This property features: Four residential units with seven bedrooms in total; Approved basement accessory dwelling unit with kitchen, three‑quarter bathroom, and open living area; 3,026 square feet on a 0.0574‑acre lot measuring 26.67 x 100 feet
