$1,260,000
$90K PRICE DROP

Estimated payment $8,758/month

Total Views 2,248
10 Beds
6 Baths
5,400 Sq Ft
$233 Price per Sq Ft

Highlights

  • Pre War Building
  • 1-minute walk to Bay Ridge Avenue
  • Intercom
  • P.S./I.S. 30 - The Mary White Ovington School Rated A-

About This Home

Bay Ridge All-Brick 6-family asset. Fully tenanted, the owner-occupied 2-bedroom will be delivered vacant. Upside potential offers the opportunity for growing returns; all current 2-year leases are set to expire on 9/30/25. The building is 20' x 90' on a 114 ft lot zoned R7B. Well-maintained, with 5,400 interior sq. ft. located in prime Northern Bay Ridge near shopping, dining, and multiple transportation options. Current RR is $123,421/yr, with total expenses of $38,584 (current CAP 6.3). Projected income upon new lease signing is $145,729, bringing CAP to 8%. 11 total bedrooms, 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.

Listing Agent

Jean Marrone

Keller Williams Realty Empire License #10401276592 Listed on: 09/14/2023

Keller Williams Realty Empire

Co-Listing Agent

Charles Olson

Keller Williams Realty Empire License #10491204283

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,584

Year Built

  • Built in 1915

Lot Details

  • 2,300 Sq Ft Lot
  • Lot Dimensions are 20.00 x 115.00

Home Design

  • Pre War Building

Interior Spaces

  • 5,400 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Community Details

  • Bay Ridge Subdivision

Listing and Financial Details

  • Legal Lot and Block 180 / 5855

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,584

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Cross Street: 4th Avenue/5th Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bay Ridge
  • Architectural Style: Prewar, Walk-Up
  • Structure Type: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 5400.0
  • Living Area Units: Square Feet
  • Rooms (Total): 23

Beds/Baths

  • Full Bathrooms: 6
  • Bathrooms Integer: 6
  • Bedrooms: 10

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: See Remarks

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2300.0
  • Lot Size Dimensions: 20.00 x 115.00

Building Info

  • New Construction: No
  • Total Stories: 3
  • Year Built: 1915

Tax Info

  • Tax Block: 5855
  • Tax Lot: 180
  • Tax Annual: 21584.0

Multi Family

  • Building Area Units: Square Feet

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
05/06/2025 05/06/25 Price Changed $1,260,000 0.0% $233 / Sq Ft
05/06/2025 05/06/25 Price Changed $1,260,000 -6.7% $233 / Sq Ft
01/23/2025 01/23/25 For Sale $1,350,000 0.0% $250 / Sq Ft
09/14/2023 09/14/23 For Sale $1,350,000 -- $250 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11030435

Real Estate Board of New York (REBNY)