Bay Ridge Multifamily Investment
474 Bay Ridge Avenue, Brooklyn, NY 11220
New
MULTI_FAMILY - Brooklyn, NY
Property size:
3,042 SFLot size:
0.04 AcresPrice / SF:
$328/SF- Added:
- May 29, 2026
- Days on Market:
- 2
- Last Refresh:
- May 30 at 10:06 pm
Property Features for 474 Bay Ridge Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5B
- Bedrooms
- 5
- Bathrooms
- 7
- Rooms
- Bathroom 7, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 5, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 4
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,042 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10258
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Flooring type
- Carpet, Laminate, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Jason Zhou License #10301217017 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 29, 2026
MLS# 501844
Listing URL
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
- Rare 6‑family brick building in desirable Bay Ridge location.
- Four vacant apartments provide immediate income potential and flexibility for investors or owner‑occupants.
- Strong upside potential in a sought‑after Brooklyn neighborhood.
- Conveniently located near shopping, dining, transportation, and local amenities.
- Solid brick construction.
- Annual property taxes approximately $10,385.
Overview
This is a six-family building in Brooklyn's Bay Ridge neighborhood. The solid brick building is situated on a 20' x 96' lot, with a building size of approximately 20' x 55'. The property contains 3,042 square feet. The property features four vacant apartments, including the front and rear units on both the first and second floors. The annual property taxes are approximately $10,385. The property is located minutes from the neighborhood's commercial corridor, near shopping, dining, transportation, and local amenities. The zoning is R5B. This income-producing property offers flexibility for investors or owner-occupants and strong upside potential.
Local Financial Insights For Apartment 5plus
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 | $153.3k | $50.40 |
| − Vacancy | −$5.8k | −$1.92 |
| EGI | $147.5k | $48.48 |
| − OpEx | −$66.4k | −$21.82 |
| NOI | $81.1k | $26.67 |
3,042 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,120 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,044 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.021604
- Latitude
- 40.633497
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-family building in Bay Ridge with strong income potential.
Where is this apartment building located?
The property is located at 474 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Rare 6‑family brick building in desirable Bay Ridge location.; Four vacant apartments provide immediate income potential and flexibility for investors or owner‑occupants.; Strong upside potential in a sought‑after Brooklyn neighborhood.
