Four-Unit Apartment
For Sale
$2,399,999
1854 Bay Ridge Avenue, Brooklyn, NY 11204
An approved basement accessory dwelling unit complements the four primary residences.
Property Size3,026 SF
Lot Size0.06 Acres
Price / SF$793.13
Days on Market27
Property Features for 1854 Bay Ridge Avenue
General Information
Standard status
Active
Size
3,026 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Zoning
R5
Units
Unit Mix
1 x 1BR/3/4BA, 2 x 2BR/3/4BA, 1 x 2BR/1BA, 1 x studio
Multifamily Units
5
Additional Details
Asking Price
$2,399,999
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$17,157
Building Details
Building Size
3,026 SF
Year Built
1924
Buildings
1
Stories
2
Units
4
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Michael Braccia · License #10401327798
(347) 996-9909
Source:
Connieprofaci
Added: Sep 28
Changed: Oct 23
Last Checked: Oct 23 at 6:07PM
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 Homes R Us Realty of NY, Inc.
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Investment Insights
Based on property information with market context.
This 3,026-square-foot apartment property, built in 1924, contains four primary residences with seven bedrooms in total. The unit layouts range from one to two bedrooms, and the basement includes an approved accessory dwelling unit with a kitchen, three-quarter bathroom, and open living area. A shared driveway provides off-street access. The parcel measures 26.67 x 100, and the property is zoned R5.
At 1854 Bay Ridge Avenue in Brooklyn, the building is a few blocks from the 79th Street D train station, with additional D and N service near 18th Avenue. B4 and B8 buses serve the area. The 86th Street commercial corridor is nearby, with shops, restaurants, supermarkets, and neighborhood businesses.
At 1854 Bay Ridge Avenue in Brooklyn, the building is a few blocks from the 79th Street D train station, with additional D and N service near 18th Avenue. B4 and B8 buses serve the area. The 86th Street commercial corridor is nearby, with shops, restaurants, supermarkets, and neighborhood businesses.
Key Highlights
- Four primary units with seven bedrooms total
- Approved basement accessory dwelling unit with kitchen, three‑quarter bathroom, and open living area
- 3,026 square feet; built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,381
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,847,620
$1.8M
Cap Rate 7%
$1,319,729
$1.3M
Cap Rate 9%
$1,026,456
$1.0M
Market Conditions
NOI Build-Up for 3,026 SF
Gross rent
$171.4K $56.64/SF
− Vacancy
−$3.4K −$1.13/SF
EGI
$168.0K $55.51/SF
− OpEx
−$75.6K −$24.98/SF
NOI
$92.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,847,620
Cap Rate 7%
$1,319,729
Cap Rate 9%
$1,026,456
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,381 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.51M
$2.19M – $2.92M
NOI $175,387 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,853
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - An approved basement accessory dwelling unit complements the four primary residences.
Where is this apartment building located?
The property is located at 1854 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,399,999.
What are key features of this property?
This property features: Four primary units with seven bedrooms total; Approved basement accessory dwelling unit with kitchen, three‑quarter bathroom, and open living area; 3,026 square feet; built in 1924
