Renovated Two-Family
For Sale
$1,799,999
320 Bay Ridge Parkway, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
Property Size2,592 SF
Lot Size0.04 Acres
Price / SF$694.44
Days on Market23
Property Features for 320 Bay Ridge Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 1, Bathroom 5, Bathroom 7, Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 3
Interior features
A/C Unit, A/C Unit - Wall, Dryer, Laundry Area, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Bay Ridge
Standard status
Active
Size
2,592 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6831
Building Details
Year built
1910
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Yuexin Chen
(718) 612-3088
Added: Jul 13
Changed: Jul 31
Last Checked: Aug 4 at 4:06AM
MLS# 502975
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.
Renovated two-family duplex offering three above-ground levels plus a finished basement in a wood-frame structure built in 1910. The home features bright interiors with hardwood and tile flooring, and each residential floor is laid out with 3 spacious bedrooms and 2 full bathrooms. Separate gas and electric meters provide flexibility for owner-occupants and investors.
The finished basement includes a separate entrance and additional space for recreation or storage. The property is 2,592 square feet on a 0.0428-acre lot and includes a flat roof. Interior features include A/C units (wall units), washer and dryer hookups, and a laundry area, along with a refrigerator and stove.
Delivered vacant at closing, the duplex is set up for immediate move-in by an owner-occupant or for maximizing rental potential.
The finished basement includes a separate entrance and additional space for recreation or storage. The property is 2,592 square feet on a 0.0428-acre lot and includes a flat roof. Interior features include A/C units (wall units), washer and dryer hookups, and a laundry area, along with a refrigerator and stove.
Delivered vacant at closing, the duplex is set up for immediate move-in by an owner-occupant or for maximizing rental potential.
Key Highlights
- Renovated two‑family duplex with three above‑ground levels plus a finished basement
- Separate gas and electric meters for each residential unit
- Finished basement with a separate entrance
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 | $132.2k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $129.7k | $50.03 |
| − OpEx | −$38.9k | −$15.01 |
| NOI | $90.8k | $35.02 |
2,592 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.13M – $1.51M
NOI $90,776 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$1.13M
$989.1K – $1.32M
NOI $79,131 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.50M
NOI $150,232 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,510
Businesses Nearby
Explore this area
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
Market
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family duplex zoned R5B with separate gas and electric meters and a finished basement with a separate entrance.
Where is this duplex located?
The property is located at 320 Bay Ridge Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: Renovated two‑family duplex with three above‑ground levels plus a finished basement; Separate gas and electric meters for each residential unit; Finished basement with a separate entrance
