522 Bay Ridge Ave, Brooklyn, NY 11220
For Sale
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This exceptional mixed-use property, located at 522 Bay Ridge Avenue in Brooklyn, New York, presents a compelling investment opportunity. The building encompasses 1,940 square feet and comprises six individual one-bedroom, one-bathroom apartments, all currently rent-stabilized. Each unit boasts a spacious layout, featuring modern kitchens and bathrooms, attractive hardwood flooring, and ample natural light provided by large windows. Residents enjoy the convenience of a secure intercom system and the added security of video surveillance. The building's brick construction reflects its well-maintained condition. Situated in the vibrant Bay Ridge neighborhood, this property benefits from its proximity to excellent schools, diverse dining options, and a variety of entertainment venues. Public transportation is readily accessible, enhancing its appeal to both residents and investors. The projected annual rent roll is $146,000, making this a highly desirable six-family building in a prime location. The asking price for this property is $1,650,000. This presents a strong potential for significant return on investment. The property's zip code is 11220.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R4-1 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.