Bay Ridge Two-Family
409 92nd St Brooklyn, NY 11209
409 92nd St, Brooklyn, NY, 11209
$975,000
For Sale
$975,000
Two-family home in Bay Ridge with C8-2 zoning.
Property Size800 SF
Lot Size0.03 Acres
Price / SF$1,218
Days on Market128
Property Features for 409 92nd St
General Information
- Standard status
- Active
- Size
- 800 SF
- Lot size
- 0.03 Acres
- Property subtype
- Multi Family
Listing Agency
Ben Bay Realty Co
(718) 238-6080
Listed by
Charles A. Fabbella
(718) 238-6080
Source
Elliman
Added: Mar 12 Checked: Jul 17 at 5:21 am
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 Ben Bay Realty Co
Investment Insights
Based on property information with market context.
This two-family home is located in the Bay Ridge neighborhood. The property has C8-2 zoning. The lot measures 20 x 75 feet, while the building itself measures 20 x 40 feet. The property benefits from very low taxes. The building includes a finished basement. The first floor and basement will be vacant at closing.
Key Highlights
- Prime Bay Ridge location.
- C8‑2 Zoning offers potential for commercial use/development.
- Vacant 1st floor and basement at closing.
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 | $40.8k | $51.00 |
| − Vacancy | −$775 | −$0.97 |
| EGI | $40.0k | $50.03 |
| − OpEx | −$12.0k | −$15.01 |
| NOI | $28.0k | $35.02 |
800 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.2K
$350.2K – $467.0K
NOI $28,017 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$348.9K
$305.3K – $407.1K
NOI $24,423 @ 7.0% cap · market cap 2.50%
Theoretical Best
Specialty Retail
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 4.76%
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 - Two-family home in Bay Ridge with C8-2 zoning.
Where is this duplex located?
The property is located at 409 92nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime Bay Ridge location.; C8‑2 Zoning offers potential for commercial use/development.; Vacant 1st floor and basement at closing.
