474 Bay Ridge Ave Brooklyn, NY 11220
Bay Ridge NeighborhoodEstimated payment $6,272/month
Highlights
- Tile Flooring
- 3-minute walk to Bay Ridge Avenue
- Back and Front Yard
- P.S./I.S. 30 - The Mary White Ovington School Rated A-
- Heating System Uses Steam
About This Home
Rare opportunity to own a solid brick 6-family building in the heart of Bay Ridge, just minutes from the neighborhood's vibrant commercial corridor. This income-producing property features 4 vacant apartments, including the front and rear units on both the first and second floors, two tenants occupied on 3rd floor front and rear. Offering exceptional flexibility for investors or owner-occupants. Situated on a 20' x 96' lot with a building size of approximately 20' x 55', this property offers strong upside potential in one of Brooklyn's most desirable neighborhoods. Annual property taxes are approximately $10,385. Conveniently located near shopping, dining, transportation, and local amenities. A rare Bay Ridge investment opportunity not to be missed! PS: Purchaser must provide a substantial down payment in order to qualify for mortgage financing for this purchase.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,258
Year Built
- Built in 1910
Lot Details
- 1,918 Sq Ft Lot
- Lot Dimensions are 95 x 20
- Back and Front Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 3,042 Sq Ft Home
- 3-Story Property
- Stove
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 7 Full Bathrooms
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Steam
- Heating System Uses Oil
- 220 Volts
- 110 Volts
- Oil Water Heater
Listing and Financial Details
- Tax Block 5873
Community Details
Overview
- 6 Units
Building Details
- Fuel Expense $3,000
- Insurance Expense $6,000
- Gross Income $93,600
- Net Operating Income $71,342
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 |
|---|---|---|---|---|
| 2026 | $10,511 | $76,260 | $12,600 | $63,660 |
| 2025 | $9,917 | $69,300 | $12,600 | $56,700 |
| 2024 | $9,917 | $81,540 | $12,600 | $68,940 |
| 2023 | $9,460 | $84,000 | $12,600 | $71,400 |
| 2022 | $9,105 | $77,700 | $12,600 | $65,100 |
| 2021 | $9,225 | $72,000 | $12,600 | $59,400 |
| 2020 | $4,562 | $78,540 | $12,600 | $65,940 |
| 2019 | $6,285 | $77,100 | $12,600 | $64,500 |
| 2018 | $7,913 | $38,816 | $7,175 | $31,641 |
| 2017 | $7,913 | $38,816 | $9,294 | $29,522 |
| 2016 | $7,701 | $38,522 | $8,597 | $29,925 |
| 2015 | $4,379 | $36,343 | $9,398 | $26,945 |
| 2014 | $4,379 | $34,287 | $10,638 | $23,649 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2026 05/29/26 | For Sale | $999,000 | -- | $328 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $990,000 | -- | |
| Deed | $700,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $375,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 501844
APN: 05873-0039
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