Corner Duplex with Development
For Sale
$2,999,000
6801 Ridge Blvd, Brooklyn, NY 11220
MULTI_FAMILY - Other - Brooklyn, NY
Property Size3,792 SF
Lot Size0.13 Acres
Price / SF$790.88
Days on Market193
Property Features for 6801 Ridge Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 7, Bedroom 6, Bedroom 5
Subdivision
Bay Ridge
Standard status
Active
Size
3,792 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13110
Utilities
Heating system
Natural Gas, Steam
Building Details
Year built
1905
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Vinyl Siding
Roof type
Slate
Architectural style
Other
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed By:
Vito Angelo · License #40AN0957928
(718) 887-5708
Added: Feb 10
Changed: Aug 18
Last Checked: Aug 22 at 10:06AM
MLS# 11652322
Copyright © 2026 My State MLS. 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.
Corner duplex at 6801 Ridge Blvd featuring a spacious 2nd-floor duplex with five bedrooms over a two-bedroom apartment with a separate living room, dining area, and eat-in kitchen. The existing interior layout supports multiple living arrangements while the site also presents a development opportunity with approximately 9,000 buildable square feet. Architectural plans are available upon request.
The property sits on a 0.1324-acre lot and totals 3,792 SF. Built in 1905, the building features vinyl siding and a slate roof. Interior flooring includes tile and hardwood, with heating provided by steam and natural gas.
The property is offered for consideration for end-use, rental income, or future development, supported by the existing duplex configuration and the available development plans.
The property sits on a 0.1324-acre lot and totals 3,792 SF. Built in 1905, the building features vinyl siding and a slate roof. Interior flooring includes tile and hardwood, with heating provided by steam and natural gas.
The property is offered for consideration for end-use, rental income, or future development, supported by the existing duplex configuration and the available development plans.
Key Highlights
- Approximately 9,000 buildable square feet for future development plans available upon request
- 2nd‑floor duplex with five bedrooms over a separate two‑bedroom apartment
- Corner property at 6801 Ridge Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,905
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,258,100
$2.3M
Cap Rate 7%
$1,612,929
$1.6M
Cap Rate 9%
$1,254,500
$1.3M
Market Conditions
NOI Build-Up for 3,792 SF
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.
Gross rent
$168.4K $44.40/SF
− Vacancy
−$7.1K −$1.86/SF
EGI
$161.3K $42.54/SF
− OpEx
−$48.4K −$12.76/SF
NOI
$112.9K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,258,100
Cap Rate 7%
$1,612,929
Cap Rate 9%
$1,254,500
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.88M
NOI $112,905 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.69M
NOI $101,120 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,078 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Corner duplex with a 2nd-floor five-bedroom layout over a separate two-bedroom apartment.
Where is this duplex located?
The property is located at 6801 Ridge Blvd Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Approximately 9,000 buildable square feet for future development plans available upon request; 2nd‑floor duplex with five bedrooms over a separate two‑bedroom apartment; Corner property at 6801 Ridge Blvd
