$2,398,000
PENDING

Estimated payment $16,621/month

Total Views 32,341
-- Bed
-- Bath
5,280 Sq Ft
$454 Price per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to 86 Street (R Line)
  • Heating System Uses Steam
  • P.S. 185 Walter Kassenbrock Rated A
  • Multiple cooling system units

About This Home

Located in the heart of Bay Ridge, Brooklyn, offers a rare opportunity to own a well-maintained mixed-use brick building full of character and income potential. Built in 1926, this four-story property features a total of seven units—six residential apartments and one commercial retail space—spanning approximately 5,280 square feet on a 20 × 80-foot lot. The ground floor is anchored by a spacious retail storefront, ideal for a stable commercial tenant and consistent rental income. The upper floors are home to six residential units, each featuring classic layouts, hardwood floors, and great natural light. A finished basement with a separate entrance adds flexible space for storage or potential amenity expansion. Situated just minutes from the R train at 86th Street and several bus lines, the building is perfectly positioned in one of Brooklyn’s most warm and family-friendly neighborhoods. Residents enjoy close proximity to local favorites like The Kettle Black, boutique shopping, parks, and highly rated schools such as P.S. 185. The block itself is a bustling corridor with strong foot traffic and a tight-knit community feel. From an investment standpoint, the property offers diversified cash flow thanks to its mixed-use structure. This property is being offered at a competitive price for a motivated investor. For more information, including current rent roll and operating expenses, or to schedule a private tour, please get in touch today. Don’t miss your chance to own a piece of Bay Ridge with both charm and steady returns. Building has gone through a large Local Law Renovation recently!

Listing Agent

Wade Jabour

Listed on: 07/24/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $49,732

Year Built

  • Built in 1926

Lot Details

  • 1,600 Sq Ft Lot
  • Lot Dimensions are 80 x 20
  • Property is zoned R6B

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Masonry

Interior Spaces

  • 5,280 Sq Ft Home
  • 4-Story Property
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6043

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $8,921
  • Insurance Expense $11,158
  • Utility Expense $1,095
  • Gross Income $219,009
  • Net Operating Income $136,934

Property Details

Property Type

Other

Est. Annual Taxes

$49,732

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 72.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: Intercom
  • Confirmed By M L S Y N: Yes
  • Cross Street: 86th St
  • Cross Street Name2: 87th St
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 5280
  • Building Stories: 4
  • Street Name I D X: 3rd
  • Year Built: 1926
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Hardwood
  • Lot Sq Ft: 1600

Exterior Features

  • Yard: None
  • Exterior Building Type: Semi-Detached
  • Construction Type: Masonry
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 47
  • Roof: Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 8921.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 20
  • Zoning: R6B

Rental Info

  • Rent Income: 194148

Multi Family

  • Annual Gross Expense: 82075.00
  • Annual Gross Income: 219009
  • Insurance Expense: 11158.00
  • Miscellaneous Expense: 8180.00
  • Property Net Operating Income: 136934.00
  • Unit Count: 7
  • Annual Utility Expenses: 1095.00

Tax Info

  • Flip Tax Amount: 49732.00

Map

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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 $49,732 $447,300 $15,300 $432,000
2024 $49,732 $558,900 $15,300 $543,600
2023 $45,183 $518,850 $15,300 $503,550
2022 $41,727 $648,450 $15,300 $633,150
2021 $38,737 $762,750 $15,300 $747,450
2019 $37,292 $617,220 $15,300 $601,920
2018 $36,036 $283,328 $8,428 $274,900
2017 $33,367 $262,341 $8,964 $253,377
2016 $31,316 $242,910 $8,795 $234,115
2015 $20,331 $242,910 $9,406 $233,504
2014 $20,331 $235,379 $10,066 $225,313
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2025 07/24/25 Pending -- -- --
07/24/2025 07/24/25 For Sale $2,398,000 -- $454 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 494428

Brooklyn Board of REALTORS®

APN: 06043-0047