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Newly Renovated Two-Family Duplex
For Sale
$1,550,000

359 Bay Ridge Ave, Brooklyn, NY 11220

Renovated two-family home with separate utilities, finished basement, and two kitchens for a turn-key vacant delivery.

Property SizeContact for details
Days on Market63

Property Features for 359 Bay Ridge Ave

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1915
Tenancy Multi
Listing Agency: REMAX EDGE
Listed By: ChaoHui Andrew Chen · License #CAC7832
Source: Elliman
Added: Jun 3 Changed: Jul 10 Last Checked: Aug 4 at 9:26AM

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 REMAX EDGE

Investment Insights

Based on property information with market context.

This newly renovated two-family duplex includes two heating systems, two hot water tanks, three electric meters, and two gas meters. The first floor offers three bedrooms, a kitchen, and a bathroom, with access to the backyard. The second floor features four bedrooms, a kitchen, and a bathroom. A finished basement adds additional usable space, and the property is being delivered vacant at closing.

Located in Bayridge at 359 Bay Ridge Ave in Brooklyn, the home is positioned for walkable, transit-friendly daily living, with Walk Score of 96 and Transit Score of 91. It also registers a Bike Score of 81, supporting access by foot or bicycle for errands and commuting.

With two separate living levels and independent utility metering, the layout is well-suited for buyers looking for flexible occupancy or a residential income configuration. Each unit includes a kitchen and bathroom, and the backyard access from the first floor can be practical for everyday use. The finished basement further supports a range of tenant or household needs, while vacant delivery provides a straightforward path for an owner to take possession at closing.

Key Highlights

  • Newly renovated two‑family house built in 1915 with finished basement
  • Two separate heating systems with two hot water tanks
  • Separate utilities setup with three electric meters and two gas meters

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Hotel & Motel Gym & Fitness Center Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,238
Businesses Nearby

Demographics for 11220, NY

105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value

Market

Properties on Market for Duplexes in Brooklyn

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Renovated two-family home with separate utilities, finished basement, and two kitchens for a turn-key vacant delivery.
Where is this duplex located?
The property is located at 359 Bay Ridge Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Newly renovated two‑family house built in 1915 with finished basement; Two separate heating systems with two hot water tanks; Separate utilities setup with three electric meters and two gas meters
More about this property
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