Detached Two-Family Brick
241 Bay Ridge Parkway Brooklyn, NY 11209
New
241 Bay Ridge Parkway, Brooklyn, NY, 11209
$1,850,000
For Sale
$1,850,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,632 SF
Lot Size0.06 Acres
Price / SF$702.89
Days on Market2
Property Features for 241 Bay Ridge Parkway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5B
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 4
- Parking features
- Garage - Detached
- Interior features
- Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 2,632 SF
- Lot size
- 0.06 Acres
Utilities
- Water front
- 1
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Ceramic, Tile, Hardwood
- Building materials
- Brick
Listing Agency
RE/MAX Real Estate Professiona
(718) 532-2000
6423 11th Avenue, Brooklyn, NY
Listed by
Vito Angelo · License #40AN0957928
(718) 532-2000
Added: Jul 17 Checked: Jul 18 at 6:06 am
MLS# 502968
Listing URL
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.
Investment Insights
Based on property information with market context.
This fully detached brick two-family home offers a spacious 3-bedroom over 3-bedroom layout, complemented by a full finished basement for flexible additional space, including recreation or storage. A private 2-car garage adds convenient off-street parking.
Located at 241 Bay Ridge Parkway in Brooklyn, NY 11209, the property is described as being near the Shore Road waterfront promenade, with express bus service to Manhattan and access to the nearby NYC Ferry.
With its detached configuration and finished basement, the home is set up for comfortable multi-unit living within a residential income property format.
Located at 241 Bay Ridge Parkway in Brooklyn, NY 11209, the property is described as being near the Shore Road waterfront promenade, with express bus service to Manhattan and access to the nearby NYC Ferry.
With its detached configuration and finished basement, the home is set up for comfortable multi-unit living within a residential income property format.
Key Highlights
- Fully detached brick two‑family home
- 3‑bedroom over 3‑bedroom layout
- Full finished basement for recreation and storage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.2k | $51.00 |
| − Vacancy | −$2.6k | −$0.97 |
| EGI | $131.7k | $50.03 |
| − OpEx | −$39.5k | −$15.01 |
| NOI | $92.2k | $35.02 |
2,632 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.15M – $1.54M
NOI $92,177 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,352 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,551 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Detached brick two-family residence with a 3-over-3 layout, full finished basement, and a private 2-car garage.
Where is this duplex located?
The property is located at 241 Bay Ridge Parkway 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: Fully detached brick two‑family home; 3‑bedroom over 3‑bedroom layout; Full finished basement for recreation and storage
