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437 Bay Ridge Ave - 437 Bay Ridge Ave 6 Unit Apartment Building Offered at $1,099,000 at a 5.85% Cap Rate Brooklyn, NY 11220
Investment Highlights
- Well Maintained Investment Property
- R Train (Subway) around the corner from property, 30 min commute to Downtown Manhattan
- Basement and Backyard can be used for End User's storage or can be rented for storage
- Convenient Shopping (4th and 5th Avenues) many shops, restaurants and cafes
- B9, B63, & B64 (Bus Lines) short walk to 3 separate local bus lines
Executive Summary
437 Bay Ridge Avenue presents a well-maintained, fully occupied six-family building located in the heart of Bay Ridge, Brooklyn. This asset offers stable in-place income with strong upside potential, making it an ideal opportunity for both seasoned investors and end-users seeking long-term appreciation in a highly desirable neighborhood. Positioned in a vibrant, amenity-rich area, the property benefits from strong rental demand driven by accessibility, retail corridors, and public transportation. Gross Income is $102,336; Total Annual Expenses are $38,040; Net Operating Income (NOI) is $64,296. This property is being offered at 5.85% CAP Rate. Offering Memorandum is located in "Brochures & Other Documents" section of this listing. Seller is motivated to sell, present all offers.
Property Facts
| Price | $1,099,000 | Property Type | Multifamily |
| Price Per Unit | $183,167 | Building Size | 4,125 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.85% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1931 |
| Price | $1,099,000 |
| Price Per Unit | $183,167 |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 4,125 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 05864-0069 | Improvements Assessment | $429,750 |
| Land Assessment | $8,100 | Total Assessment | $437,850 |
Property Taxes
Parcel Number
05864-0069
Land Assessment
$8,100
Improvements Assessment
$429,750
Total Assessment
$437,850
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437 Bay Ridge Ave - 437 Bay Ridge Ave
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