429 74th Street, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jun 29, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 7 at 7:06 am
Property Features for 429 74th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R5B
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2
- Interior features
- Refrigerator, Stove
- Standard status
- Active
- Size
- 2,425 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10949
Building Details
- Year built
- 1910
- Number of units
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent Mei Hua (Michelle) Dong License #10401364256 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Jun 29, 2026
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.
HighLights
- Three‑family attached brick home with classic brick exterior and flat roof
- 1‑bedroom apartment on the first floor, 2‑bedroom apartment on the second floor, and 3‑bedroom apartment on the third floor
- Year built 1910 with hardwood and tile flooring throughout
- Interior features include refrigerator and stove
- Includes 6 bedrooms and 3 bathrooms across the home’s units
Overview
Located in Bay Ridge, the property is presented as being moments from shopping, restaurants, cafes, and everyday conveniences along 3rd and 5th Avenues. Commuting is described as convenient with the R train near the 77th Street and Bay Ridge Avenue stations, along with multiple express and local bus lines including the X27, X37, B9, B16, B37, B63, and B70.
This configuration offers flexible living or rental opportunities depending on how an owner intends to use the building. The three distinct apartment layouts—one-, two-, and three-bedroom—can support a range of tenant needs while keeping the property’s overall footprint centered on residential income. Zoning is listed as R5B, and the asset is offered for sale as a single multi-family home at 429 74th Street.
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 | $123.7k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $121.3k | $50.03 |
| − OpEx | −$36.4k | −$15.01 |
| NOI | $84.9k | $35.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.023736
- Latitude
- 40.631238
