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    FOR SALE
    Apartment buildings

    522 Bay Ridge Ave, Brooklyn, NY 11220

    4,800 SF 0.04 ac lot Built 1931
    Individually Owned 8-yr Hold Free & Clear
    Property ID
    US63-0800804
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (5+ UNITS)
    Year built 1931
    Total area 4,800 SF
    Lot 0.04 ac (1,940 SF)
    Zoning code R4-1
    APN 05874-0018
    UPID US63-0800804
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.17M
    Blend (final) Blend
    $905k
    Owner & transaction history
    Mary Tsonatos · 8 yrs held
    Mary Tsonatos
    since 2018
    2 recorded transactions
    2018
    2014
    Zoning & alternative use
    R4-1 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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