522 Bay Ridge Avenue, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
- Added:
- Oct 15, 2024
- Days on Market:
- 625
- Last Refresh:
- Jul 1 at 8:06 pm
Property Features for 522 Bay Ridge Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 6
- Interior features
- Refrigerator, Stove
- Basement
- Finished
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 22479
Building Details
- Year built
- 1931
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Hardwood, Tile, Ceramic
- Building materials
- Brick
- Roof type
- Rubber, Flat
Listing agent Vito Angelo License #40AN0957928 (718) 532-2000
Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY (718) 532-2000
Listing date Oct 15, 2024
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
- Rent‑stabilized 6‑family brick building in Bay Ridge, Brooklyn
- Projected Annual Rent Roll $146,000
- Mix of 1 and 2‑bedroom units with modern kitchens and bathrooms
- Well‑maintained building with secure intercom system and video surveillance
- Spacious layouts with hardwood flooring and large windows
- Convenient location with access to excellent schools, dining, entertainment, and public transportation
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
- -74.020491
- Latitude
- 40.632982
