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    Bay Ridge Two-Family Brick Residence Title is generated by Realmo AI

    74 73rd Street, Brooklyn, NY 11209

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    Claim this Listing
    For Sale
    $1,550,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    3,234 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $479/SF
    Added:
    Sep 26, 2024
    Days on Market:
    635
    Last Refresh:
    Jun 22 at 4:06 pm

    Property Features for 74 73rd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R3-2
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1
    Parking features
    Garage
    Interior features
    Refrigerator, Stove
    Basement
    Unfinished
    Standard status
    Active
    Size
    3,234 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    12357

    Building Details

    Year built
    1925
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Tile
    Building materials
    Brick

    We can help!

    Listing Contact
    Pavlina Tsokos

    Listing agent Pavlina Tsokos

    Listing office Ben Bay Realty Co of Bay Ridge 8418 3rd Ave, Brooklyn, NY

    Listing date Sep 26, 2024

    MLS# 486316 Listing URL

    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

    • Solid brick two‑family house built in 1925
    • 22x62 footprint on a 22x100 lot
    • Two‑family layout with 5 bedrooms and 2 bathrooms listed
    • Includes garage parking and both tile and hardwood flooring
    • Unfinished basement with separate front entrance and backyard access
    • Delivered vacant upon closing; property sold as‑is

    Overview

    Located in the Bay Ridge neighborhood, this solid brick two-family residence presents an opportunity for homeowners and investors. The property features two stories plus an unfinished basement. The building dimensions are 22x62, situated on a 22x100 lot. The property contains a full bath, an eat-in kitchen, and a balcony. The basement provides additional space with a separate front entrance and access to the backyard. The property is in a prime location near 3rd Avenue. The property is being sold 'As Is' and will be delivered vacant upon closing. The zoning is R3-2. The property size is 3,234 square feet and the lot size is 0.0505 acres.

    Local Financial Insights For Multifamily LT 5

    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 $164.9k $51.00
    − Vacancy −$3.1k −$0.97
    EGI $161.8k $50.03
    − OpEx −$48.5k −$15.01
    NOI $113.3k $35.02
    3,234 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.62M
    $1.42M – $1.89M (±1% cap)
    NOI $113,260 @ 7.0% cap · market cap 7.31%
    Second Best
    Apartment 5plus
    $1.41M
    $1.23M – $1.65M (±1% cap)
    NOI $98,731 @ 7.0% cap · market cap 6.37%
    Theoretical Best
    Specialty Retail
    $2.68M
    $2.34M – $3.12M (±1% cap)
    NOI $187,443 @ 7.0% cap · market cap 12.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.034649
    Latitude
    40.634367

    FAQs

    What type of property is this?
    Duplex - Two-family brick residence in prime Bay Ridge location.
    Where is this duplex located?
    The property is located at 74 73rd Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Solid brick two‑family house built in 1925; 22x62 footprint on a 22x100 lot; Two‑family layout with 5 bedrooms and 2 bathrooms listed
    More about this property
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