Bay Ridge Multifamily Investment
522 Bay Ridge Avenue, Brooklyn, NY 11220
Six-family building in Bay Ridge with strong rental income.
Type:Multi Family
Property size:
4,800 SFLot size:
0.04 AcresPrice / SF:
$338/SF- Added:
- Mar 24, 2026
- Days on Market:
- 61
- Last Refresh:
- Apr 6 at 12:05 am
Property Features for 522 Bay Ridge Avenue
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 0.04 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1931
Listing agent Vito Angelo License #VITLO524
Listing office RE/MAX Real Estate Professiona (718) 532-2000
Listing date Mar 24, 2026
Source Exitrealty
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 RE/MAX Real Estate Professiona
HighLights
- Projected annual rent roll $146,000
- Rent‑stabilized building
- Six‑family brick building
- 1 one‑bedroom and 5 two‑bedroom/one‑bath units
- Modern kitchens and bathrooms, hardwood flooring, and large windows
- Located in a vibrant neighborhood with excellent schools, dining, and entertainment
Overview
This is a six-family, rent-stabilized brick building located in Bay Ridge, Brooklyn. The building contains one 1-bedroom unit and five 2-bedroom/1-bath units. The units feature spacious layouts, modern kitchens and bathrooms, hardwood flooring, and large windows that provide natural light. The building is equipped with a secure intercom system and video surveillance. The property is situated in a vibrant neighborhood that offers schools, dining, and entertainment options. Public transportation is easily accessible. The building size is 4,800 square feet. The projected annual rent roll is $146,000.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.42M
NOI $128,000 @ 9.00% cap · cautious / downside scenario
Moderate
$1.83M
NOI $128,000 @ 7.00% cap · market / base-case scenario
Aggressive
$2.56M
NOI $128,000 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $241.9k | $50.40 |
| − Vacancy | −$9.2k | −$1.92 |
| EGI | $232.7k | $48.48 |
| − OpEx | −$104.7k | −$21.82 |
| NOI | $128.0k | $26.67 |
4,800 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $128,000 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,820 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.020488
- Latitude
- 40.632978
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-family building in Bay Ridge with strong rental income.
Where is this apartment building located?
The property is located at 522 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Projected annual rent roll $146,000; Rent‑stabilized building; Six‑family brick building
