$1,198,800

474 Bay Ridge Ave Brooklyn, NY 11220

Bay Ridge Neighborhood

Estimated payment $7,184/month

Total Views 6,169
11 Beds
7 Baths
3,042 Sq Ft
$394 Price per Sq Ft

Highlights

  • Wood 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-find 6-family brick home with 4 vacant apartments in prime Bay Ridge! This solid building features 5 spacious 1-bedroom units that can easily be converted into 2 bedrooms, plus a studio apartment on the 1st floor front. Additional highlights include a full basement with a separate front entrance. Building size is 20x55’, sitting on a 20x96’ lot. Tremendous potential and an excellent investment opportunity—Won’t Last!

Listing Agent

Jason Zhou

RE/MAX Edge License #10301217017 Listed on: 10/07/2025

RE/MAX Edge

Co-Listing Agent

Ivan Li

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,534

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

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Oil
  • 220 Volts
  • 110 Volts

Listing and Financial Details

  • Tax Block 5873

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $6,000
  • Insurance Expense $5,843
  • Utility Expense $1,000
  • Gross Income $90,864
  • Net Operating Income $63,287

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,534

Year Built

Built in 1910

Lot Details

1,918 Sq Ft Lot

Listing Details

  • Basement Amenities: Full, Semi-Finished, Separate Entrance
  • Total Bathrooms: 7.00
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 20.00
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Confirmed By M L S Y N: Yes
  • Cross Street: 4th Av
  • Cross Street Name2: 5th Av
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Refrigerator, Stove
  • Fill Sq Ft Total: 3042
  • Building Stories: 3
  • Street Name I D X: Bay Ridge
  • Waterfront Present: No
  • Year Built: 1910
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 7
  • Total Bedrooms: 11
  • Flooring: Carpeting, Hardwood, Tile
  • Lot Sq Ft: 1918

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 39
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V, 220 V, Circuit Breakers
  • Heating Fuel: Oil
  • Hot Water: Hot Water Coil in Boiler

Fee Information

  • Annual Fuel Expense: 6000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 95
  • Lot Size Width: 20
  • Zoning: R5B

Rental Info

  • Rent Income: 90864

Multi Family

  • Annual Gross Expense: 27577.00
  • Annual Gross Income: 90864
  • Insurance Expense: 5843.00
  • Property Net Operating Income: 63287.00
  • Unit Count: 6
  • Annual Utility Expenses: 1000.00

Tax Info

  • Flip Tax Amount: 10534.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2026 01/04/26 Price Changed $1,198,800 0.0% $394 / Sq Ft
10/07/2025 10/07/25 For Sale $1,199,000 -- $394 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $990,000 --
Deed $700,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $375,000 Commercial
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 496354

Brooklyn Board of REALTORS®

APN: 05873-0039

New York Kings County Brooklyn 11209 Bay Ridge

474 Bay Ridge Ave, Brooklyn, NY

For Sale

MultiFamily

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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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Jason Zhou
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