Brick Six-Family
474 Bay Ridge Avenue Brooklyn, NY 11220
474 Bay Ridge Avenue, Brooklyn, NY, 11220
$999,000
For Sale
$999,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,042 SF
Lot Size0.04 Acres
Price / SF$328.40
Days on Market49
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 4, Bathroom 7, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 6, Bedroom 4, Bathroom 5, Bathroom 3
- 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
- Laminate, Carpet, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
RE/MAX Edge
(718) 612-3088
1812 Bath Ave, Brooklyn, NY
Listed by
Jason Zhou · License #10301217017
(718) 612-3088
Added: May 29 Checked: Jul 16 at 8:06 pm
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.
Investment Insights
Based on property information with market context.
This for-sale residential income property is a solid brick six-family building on a 20' x 96' lot, with an approximately 20' x 55' building footprint. The income mix includes four vacant apartments, with the front and rear units on both the first and second floors available for occupancy. Two apartments are currently tenant occupied on the third floor, providing an owner the ability to stabilize units as they turn.
The building is located at 474 Bay Ridge Avenue in Brooklyn, NY 11220 and is zoned R5B. Annual property taxes are approximately $10,385, according to the provided information.
For tenants, this configuration can support multiple household sizes within one building, with opportunities to place new residents into currently available first- and second-floor units. For owner-occupants or investors, the existing occupancy on the third floor combined with the four vacant units may offer operational flexibility for managing leasing across a compact six-unit footprint. The listing also notes that an open house is by appointment only, and that any purchaser must provide a substantial down payment to qualify for mortgage financing for the purchase.
The building is located at 474 Bay Ridge Avenue in Brooklyn, NY 11220 and is zoned R5B. Annual property taxes are approximately $10,385, according to the provided information.
For tenants, this configuration can support multiple household sizes within one building, with opportunities to place new residents into currently available first- and second-floor units. For owner-occupants or investors, the existing occupancy on the third floor combined with the four vacant units may offer operational flexibility for managing leasing across a compact six-unit footprint. The listing also notes that an open house is by appointment only, and that any purchaser must provide a substantial down payment to qualify for mortgage financing for the purchase.
Key Highlights
- Solid brick 6‑family building built in 1910
- 20' x 96' lot with building size approx. 20' x 55'
- Includes multiple apartments with 4 vacant units and 2 tenant‑occupied units on the 3rd floor (front and rear)
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Brick 6-family property with four vacant apartments and two occupied units, zoned R5B for residential use in Brooklyn.
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: Solid brick 6‑family building built in 1910; 20' x 96' lot with building size approx. 20' x 55'; Includes multiple apartments with 4 vacant units and 2 tenant‑occupied units on the 3rd floor (front and rear)
