Brick Duplex with Private
For Sale
$1,850,000
Pending
1972 Bay Ridge Avenue, Brooklyn, NY 11204
Semi-detached two-family residence with garage parking and convenient access to transit, shopping, and nearby amenities.
Property Size2,320 SF
Days on Market57
Property Features for 1972 Bay Ridge Avenue
General Information
Standard status
Pending
Size
2,320 SF
Total Parking Spaces
2
Property subtype
Half Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,567
Building Details
Building Size
2,320 SF
Year Built
1930
Buildings
1
Construction
brick semi detached
Listing Agency:
Compass Realty Central Inc.
Listed By:
Joseph Fuda
(718) 232-6400
Source:
Wonicarealtors
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 28 at 5:47PM
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 Compass Realty Central Inc.
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Investment Insights
Based on property information with market context.
This semi-detached, brick two-family property offers 6 bedrooms and 3 bathrooms across its residential layout. The property also includes a 2-car garage and a private driveway, providing dedicated on-site parking.
Located on BayRidge Ave in Brooklyn, the property is near the N Train, shopping, and local amenities. WalkScore is 95, BikeScore is 56, and TransitScore is 82, reflecting access to pedestrian, bicycle, and public transportation options.
Located on BayRidge Ave in Brooklyn, the property is near the N Train, shopping, and local amenities. WalkScore is 95, BikeScore is 56, and TransitScore is 82, reflecting access to pedestrian, bicycle, and public transportation options.
Key Highlights
- Two‑family brick semi‑detached property
- 6 bedrooms and 3 bathrooms
- 2‑car garage with private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,250
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,625,000
$1.6M
Cap Rate 7%
$1,160,714
$1.2M
Cap Rate 9%
$902,778
$902.8K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$118.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$116.1K $50.03/SF
− OpEx
−$34.8K −$15.01/SF
NOI
$81.3K $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%
$1,625,000
Cap Rate 7%
$1,160,714
Cap Rate 9%
$902,778
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,250 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$1.01M
$885.3K – $1.18M
NOI $70,827 @ 7.0% cap · market cap 3.83%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,467 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,000
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached two-family residence with garage parking and convenient access to transit, shopping, and nearby amenities.
Where is this duplex located?
The property is located at 1972 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two‑family brick semi‑detached property; 6 bedrooms and 3 bathrooms; 2‑car garage with private driveway
