$5,299,999

341 86th St Brooklyn, NY 11209

Bay Ridge Neighborhood

Estimated payment $36,616/month

Total Views 13,071
42 Beds
21 Baths
16,590 Sq Ft
$319 Price per Sq Ft

Highlights

  • 9,010 Sq Ft lot
  • 2-minute walk to 86 Street (R Line)
  • Back and Side Yard
  • P.S. 264 Bay Ridge Elementary School for the Arts Rated A-
  • Wood Flooring
  • Heating System Uses Steam

About This Home

Calling all investors looking for an amazing property in Bay Ridge. 21 units fully rented, 4 - 1 bedrooms, 13 - 2 bedrooms and 4 - 3 bedroom units. Building is 50x90 and the lot is 60x150 with R5B zoning. Amazing location with convenience to everything. Residential units are collecting $32,334.37 monthly. Most of the units have been recently renovated. Coin operated laundry in the basement generating $1,000 monthly and the best part is a private driveway leading to a parking area for 12-14 cars that can generate up to $3,500 monthly.

Listing Agent

James Nelson

Ben Bay Realty Co of Bay Ridge Listed on: 04/22/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $92,850

Year Built

  • Built in 1917

Lot Details

  • 9,010 Sq Ft Lot
  • Lot Dimensions are 150 x 60
  • Back and Side Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof

Interior Spaces

  • 16,590 Sq Ft Home
  • 4-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 42 Bedrooms
  • 21 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Private Driveway
  • Parking Lot

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Tax Block 6034

Community Details

Building Details

  • Fuel Expense $38,407
  • Insurance Expense $13,200
  • Utility Expense $2,450
  • Gross Income $442,012
  • Net Operating Income $271,105

Additional Features

  • 21 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$92,850

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Basement Amenities: Full, Other
  • Total Bathrooms: 21.00
  • Baths Total Level1: 6.00
  • Baths Total Level2: 5.00
  • Baths Total Level3: 5.00
  • Baths Total Level4: 5.00
  • Beds Total Level1: 12
  • Beds Total Level2: 10
  • Beds Total Level3: 10
  • Beds Total Level4: 10
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 4500
  • Building Length: 90.00
  • Building Width: 50.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3rd Av
  • Cross Street Name2: 4th Av
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 21
  • Parking Attributes: 6+ Spaces, Parking Area
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Rooms Total Level1: 24
  • Rooms Total Level2: 20
  • Rooms Total Level3: 20
  • Rooms Total Level4: 20
  • Fill Sq Ft Total: 16590
  • Building Stories: 4
  • Street Name I D X: 86th
  • Street Number I D X: 341
  • Year Built: 1917
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 21
  • Total Bedrooms: 42
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 9010
  • Total Rooms: 84

Exterior Features

  • Yard: Back, Side
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 67
  • Roof: Flat, Rubber

Utilities

  • Air Conditioning Units: 0
  • Electric: Circuit Breakers
  • Heating Fuel: Oil
  • Hot Water: Hot Water Coil in Boiler, Oil

Fee Information

  • Annual Fuel Expense: 38407.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 150
  • Lot Size Width: 60
  • Zoning: R5B

Multi Family

  • Annual Gross Expense: 170907.00
  • Annual Gross Income: 442012
  • Insurance Expense: 13200.00
  • Property Net Operating Income: 271105.00
  • Unit Count: 21
  • Annual Utility Expenses: 2450.00

Tax Info

  • Flip Tax Amount: 92850.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 Price Changed $5,299,999 -3.6% $319 / Sq Ft
09/16/2024 09/16/24 Price Changed $5,499,999 -8.3% $332 / Sq Ft
07/09/2024 07/09/24 Price Changed $5,999,000 -7.7% $362 / Sq Ft
04/22/2024 04/22/24 For Sale $6,499,000 -- $392 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 481423

Brooklyn Board of REALTORS®

APN: 06034-0067

New York Kings County Brooklyn 11209 Bay Ridge

341 86th St, Brooklyn, NY

This home is located at 341 86th St, Brooklyn, NY 11209 and is currently priced at $5,299,999, approximately $319 per square foot. This property was built in 1917. 341 86th St is a home located in Kings County with nearby schools including P.S. 264 Bay Ridge Elementary School for the Arts, IS 201 Madeleine Brennan Intermediate School, and Fort Hamilton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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James Nelson
Listing Agent
James Nelson
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Ben Bay Realty Co of Bay Ridge
(929) 395-1120