Financial
Distress signals
Property profile

324 Bay Ridge Ave Brooklyn, NY 11220

FOR SALE
Other apartment buildings
Property ID
US63-4157548
4,440 SF 0.05 ac lot Built 1931
Last sale Nov 2016 · $1,350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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324 Bay Ridge Ave, Brooklyn, NY 11220 For Sale
$1,195,000 4,440 SF
324 Bay Ridge Ave, Brooklyn, NY 11220
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Property summary

AI-generated overview

The property is a three-story brick multi-family building located in Bay Ridge. It contains six residential units, and each unit is configured with four rooms and two bedrooms. The building has a total area of 4,440 square feet and is situated near public transportation, schools, supermarkets, shopping, and restaurants.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$20k
Tax billed · 2024
Assessed value$421k
Assessed land$8k
Assessed improvement$413k
Effective rate4.71%

Value estimate

· Sep 2026
$235k
$212k – $259k
Submarket $/SF estimate$1.08M
NOI build-up
Gross scheduled income$224k
Vacancy & credit loss−$9k
Operating expenses−$97k
NOI · 9.91% cap applied$118k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$223/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$168 – $316
Qualifying comparables8

Cap rate analysis

How does the asset earn?
9.91%
$118k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R5B
Where the designated district is an M1-2/R5B District, the provisions of paragraph (c) of Section 25-631 (Location and width of curb cuts...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency84.2
Law Firm61.9
Parking Facility41.2

Location

324 Bay Ridge Ave Brooklyn, NY 11220
County assessor Recorded deeds · 3 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
559 50th, Brooklyn, NY 11220-2022 $1,500,000 Feb 2026 4,260 SF
231 Senator, Brooklyn, NY 11220-5226 $605,000 Jan 2026 4,440 SF
611 53rd, Brooklyn, NY 11220-2811 $349,830 Jan 2026 5,096 SF
719 55th, Brooklyn, NY 11220-3218 $1,760,000 Jun 2025 4,374 SF
323 49th, Brooklyn, NY 11220-1803 $850,000 Oct 2024 3,994 SF
241 Senator, Brooklyn, NY 11220-5268 $1,200,000 Oct 2024 4,440 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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