Brick Two-Unit
57 Bay Ridge Parkway, Brooklyn, NY 11209
For Sale
$1,650,000
Updated kitchens and bathrooms complement period details and a flexible garden level.
Property Size3,459 SF
Price / SF$477.02
Days on Market29
Property Features for 57 Bay Ridge Parkway
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
decorative moldings
stained-glass windows
updated kitchens
updated bathrooms
garden level
private driveway
garage
First Floor Bedroom
First Floor Full Bath
Crown Molding
Formal Dining
Other
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
MYNY Real Estate
(718) 921-3100
Listed By:
Saddik Bokhari
(347) 481-3682
Source:
Adamstreetrealty
Added: Oct 13
Changed: Nov 7
Last Checked: Nov 9 at 2:29PM
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 MYNY Real Estate
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Investment Insights
Based on property information with market context.
This 3,459-square-foot, two-unit brick residence was built in 1930. Hardwood floors, decorative millwork, stained-glass windows, and other original details provide character, while updated kitchens and bathrooms serve the living spaces. A garden level offers additional flexible space, and a private driveway and garage provide off-street parking.
The property is at 57 Bay Ridge Parkway in Brooklyn. Neighborhood shopping, restaurants, cafes, and everyday services are nearby, with public transportation available for travel through Brooklyn and Manhattan.
The property is at 57 Bay Ridge Parkway in Brooklyn. Neighborhood shopping, restaurants, cafes, and everyday services are nearby, with public transportation available for travel through Brooklyn and Manhattan.
Key Highlights
- Two‑unit brick residence with 3,459 square feet
- Built in 1930
- Garden level adds flexible space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,140
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,422,800
$2.4M
Cap Rate 7%
$1,730,571
$1.7M
Cap Rate 9%
$1,346,000
$1.3M
Market Conditions
NOI Build-Up for 3,459 SF
Gross rent
$176.4K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$173.1K $50.03/SF
− OpEx
−$51.9K −$15.01/SF
NOI
$121.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,422,800
Cap Rate 7%
$1,730,571
Cap Rate 9%
$1,346,000
Alternative Uses
Best Use
Multifamily LT 5
$1.73M
$1.51M – $2.02M
NOI $121,140 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,600 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$2.86M
$2.51M – $3.34M
NOI $200,484 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,355
Businesses Nearby
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Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens and bathrooms complement period details and a flexible garden level.
Where is this duplex located?
The property is located at 57 Bay Ridge Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two‑unit brick residence with 3,459 square feet; Built in 1930; Garden level adds flexible space
