Six-Unit Brick Apartment
For Sale
$999,000
474 Bay Ridge Avenue, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size3,042 SF
Lot Size0.04 Acres
Price / SF$328.40
Days on Market150
Property Features for 474 Bay Ridge Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
5
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bathroom 7, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 6, Bedroom 4, Bathroom 2
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Bay Ridge
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
Laminate, Tile, Carpet
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Jason Zhou
(718) 612-3088
Added: May 29
Changed: Oct 21
Last Checked: Oct 25 at 3:06PM
MLS# 501844
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.
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Investment Insights
Based on property information with market context.
This six-unit apartment building at 474 Bay Ridge Avenue is constructed of brick and dates to 1910. The property contains approximately 3,042 square feet on a 20' x 96' lot, with a building footprint measuring approximately 20' x 55'. Four apartments are vacant, while the front and rear apartments on the third floor are occupied. Interior features include refrigerators and stoves, with carpet, tile, and laminate flooring throughout the property. The building has a flat roof and is zoned R5B.
Located in Brooklyn's Bay Ridge area, the property is near shopping, dining, transportation, and other local amenities. Its six-apartment configuration includes both vacant and occupied units, providing a combination of existing tenancy and available apartments.
Located in Brooklyn's Bay Ridge area, the property is near shopping, dining, transportation, and other local amenities. Its six-apartment configuration includes both vacant and occupied units, providing a combination of existing tenancy and available apartments.
Key Highlights
- Six‑unit apartment building with 4 vacant apartments and 2 tenant‑occupied units
- Approximately 3,042 square feet on a 20' x 96' lot
- Building measures approximately 20' x 55'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,120
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,622,400
$1.6M
Cap Rate 7%
$1,158,857
$1.2M
Cap Rate 9%
$901,333
$901.3K
Market Conditions
NOI Build-Up for 3,042 SF
Gross rent
$153.3K $50.40/SF
− Vacancy
−$5.8K −$1.92/SF
EGI
$147.5K $48.48/SF
− OpEx
−$66.4K −$21.82/SF
NOI
$81.1K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,622,400
Cap Rate 7%
$1,158,857
Cap Rate 9%
$901,333
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 authorities.
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Property Analytics
Who owns this building?
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,260
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with four vacant apartments and two tenant-occupied units.
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: Six‑unit apartment building with 4 vacant apartments and 2 tenant‑occupied units; Approximately 3,042 square feet on a 20' x 96' lot; Building measures approximately 20' x 55'
