522 Bay Ridge Avenue, Brooklyn, NY 11220
Six-family building in Bay Ridge with strong rental income.
- Added:
- Oct 16, 2024
- Days on Market:
- 630
- 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 office RE/MAX Real Estate Professiona (718) 532-2000
Listing date Oct 16, 2024
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
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 | $241.9k | $50.40 |
| − Vacancy | −$9.2k | −$1.92 |
| EGI | $232.7k | $48.48 |
| − OpEx | −$104.7k | −$21.82 |
| NOI | $128.0k | $26.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.020488
- Latitude
- 40.632978
