Detached Brick Duplex with
For Sale
$1,850,000
241 Bay Ridge Pkwy, Brooklyn, NY 11209
Residential Income, Brooklyn, NY
Property Size2,632 SF
Lot Size0.06 Acres
Price / SF$702.89
Days on Market102
Property Features for 241 Bay Ridge Pkwy
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 4
Subdivision
Bay Ridge
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
Hardwood, Tile
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
Listed By:
Vito Angelo
(718) 887-5708
Added: Jul 17
Changed: Oct 22
Last Checked: Oct 26 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This fully detached brick duplex, built in 1930, contains 2,632 square feet and a three-bedroom-over-three-bedroom arrangement. Separate access serves the first floor, second floor, and finished basement, which includes windows and 2 bathrooms. The finished attic adds two bonus rooms and a full bathroom. Hardwood and tile flooring are installed throughout, while Daikin split units provide heating and air conditioning on each floor. A private 2-car garage is also included.
The property is located at 241 Bay Ridge Pkwy in Brooklyn, within ZIP Code 11209. Transit and waterfront access include the subway, express bus service to Manhattan, NYC Ferry service, and Shore Road’s waterfront promenade. The 0.0647-acre parcel supports the detached residential configuration.
The property is located at 241 Bay Ridge Pkwy in Brooklyn, within ZIP Code 11209. Transit and waterfront access include the subway, express bus service to Manhattan, NYC Ferry service, and Shore Road’s waterfront promenade. The 0.0647-acre parcel supports the detached residential configuration.
Key Highlights
- 3‑bedroom over 3‑bedroom duplex layout in a fully detached brick home
- 2,632 square feet on a 0.0647‑acre parcel
- Finished basement with windows and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,177
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,843,540
$1.8M
Cap Rate 7%
$1,316,814
$1.3M
Cap Rate 9%
$1,024,189
$1.0M
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$134.2K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$131.7K $50.03/SF
− OpEx
−$39.5K −$15.01/SF
NOI
$92.2K $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%
$1,843,540
Cap Rate 7%
$1,316,814
Cap Rate 9%
$1,024,189
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 authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,861
Businesses Nearby
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Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family layout combines separate access, finished lower-level space, and additional attic rooms for flexible occupancy.
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: 3‑bedroom over 3‑bedroom duplex layout in a fully detached brick home; 2,632 square feet on a 0.0647‑acre parcel; Finished basement with windows and 2 bathrooms
