Detached Brick Two-Family
241 Bay Ridge Pkwy Brooklyn, NY 11209
New
241 Bay Ridge Pkwy, 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 Market6
Property Features for 241 Bay Ridge Pkwy
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 3, Bathroom 2
- Standard status
- Active
- Size
- 2,632 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2026
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Flooring type
- Tile, Hardwood
Listing agency
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed by
Vito Angelo · License #40AN0957928
(718) 887-5708
Added: Jul 17 Updated: Jul 21 at 1:25AM Checked: Jul 22 at 5:06PM
MLS# 11891776
Copyright © 2026 My State MLS. 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.
Proudly presenting a fully detached brick two-family home offering a spacious 3-bedroom over 3-bedroom layout. The property also includes a full finished basement, providing flexible additional space for recreation or storage. A private 2-car garage adds valuable convenience.
Located in Bay Ridge on a desirable block, the home is just moments from Shore Road’s waterfront promenade. Express bus service to Manhattan and the nearby NYC Ferry provide additional commuting options.
With its detached configuration and well-defined two-family layout, this property is suited for owner-occupancy or investment consideration, depending on buyer preference.
Located in Bay Ridge on a desirable block, the home is just moments from Shore Road’s waterfront promenade. Express bus service to Manhattan and the nearby NYC Ferry provide additional commuting options.
With its detached configuration and well-defined two-family layout, this property is suited for owner-occupancy or investment consideration, depending on buyer preference.
Key Highlights
- Fully detached brick two‑family home
- 3‑bedroom over 3‑bedroom layout
- Full finished basement for recreation and storage space
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 - A fully detached brick two-family residence with a 3-bedroom over 3-bedroom layout.
Where is this duplex located?
The property is located at 241 Bay Ridge Pkwy 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 space
