312 Bay Ridge Ave Brooklyn, NY 11220
Bay Ridge NeighborhoodEstimated payment $12,246/month
About This Home
Rare Opportunity in Prime Bay Ridge - 5-Family Plus Storefront !!! Located right on 3rd Avenue and Bay Ridge Avenue, this 5-family building with storefront offers incredible flexibility for investors, developers, or end-users. Situated in the heart of Bay Ridge, this mixed-use property features: Back of Building: -3 floors, each with 1 bedroom apartment (possible conversion to 2 bedrooms) -Great natural light and efficient layouts. Front of Building: - 2 floors, each with 2 bedrooms (possible conversion to 3 bed-rooms) - Includes a ground-level retail store, ideal for owner-use or rental income. Zoned for both resi-dential and commercial use, this property offers significant income potential and upside with minimal renovation. Steps from shopping, dining, and public transportation, it's perfect for live-in owners, inves-tors, or redevelopment. Don't miss this rare find in the heart of Bay Ridge!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,921
Year Built
- Built in 1931
Lot Details
- 1,812 Sq Ft Lot
Community Details
- Bay Ridge Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $20,921 | $469,350 | $13,050 | $456,300 |
| 2024 | $20,921 | $421,200 | $13,050 | $408,150 |
| 2023 | $19,012 | $390,600 | $13,050 | $377,550 |
| 2022 | $18,370 | $396,000 | $13,050 | $382,950 |
| 2021 | $17,053 | $364,950 | $13,050 | $351,900 |
| 2020 | $12,790 | $400,500 | $13,050 | $387,450 |
| 2019 | $16,235 | $404,100 | $13,050 | $391,050 |
| 2018 | $15,163 | $119,219 | $3,225 | $115,994 |
| 2017 | $14,689 | $115,492 | $3,590 | $111,902 |
| 2016 | $13,786 | $106,938 | $3,524 | $103,414 |
| 2015 | $8,711 | $99,021 | $3,489 | $95,532 |
| 2014 | $8,711 | $99,021 | $3,854 | $95,167 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Pending | -- | -- | -- |
| 06/10/2025 06/10/25 | For Sale | $1,988,888 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $248,000 | First American Title Ins Co | |
| Deed | $248,000 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $110,000 | Commercial | |
| Closed | $110,000 | Commercial |
Source: NY State MLS
MLS Number: 11514344
APN: 05872-0015
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