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847 Bay Ridge Ave 6 Unit Apartment Building $1,398,000 ($233,000/Unit) 4.73% Cap Rate Brooklyn, NY 11220
EXECUTIVE SUMMARY
This three-story property with a windowed basement offers a rare blend of size, location, and long-term value, ideal for the smart investor or end user. Contact us for a full breakdown of income and expenses. The building includes five two-bedroom apartments and one one-bedroom unit, most of which have been recently updated. Each apartment has a spacious layout and excellent natural light, making them easy to quickly rent.
With convenient access to shopping, restaurants, banks, and public transportation along 8th Avenue, the location is perfect for everyday ease and connection. 847 Bay Ridge Avenue offers flexible use and strong upside in one of Brooklyn’s most established and desirable neighborhoods.
With convenient access to shopping, restaurants, banks, and public transportation along 8th Avenue, the location is perfect for everyday ease and connection. 847 Bay Ridge Avenue offers flexible use and strong upside in one of Brooklyn’s most established and desirable neighborhoods.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$106,347
|
$19.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,190
|
$0.58
|
| Effective Gross Income |
$103,157
|
$18.82
|
| Taxes |
$24,392
|
$4.45
|
| Operating Expenses |
$19,360
|
$3.53
|
| Total Expenses |
$43,752
|
$7.98
|
| Net Operating Income |
$59,405
|
$10.84
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $106,347 |
| Annual Per SF | $19.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,190 |
| Annual Per SF | $0.58 |
| Effective Gross Income | |
|---|---|
| Annual | $103,157 |
| Annual Per SF | $18.82 |
| Taxes | |
|---|---|
| Annual | $24,392 |
| Annual Per SF | $4.45 |
| Operating Expenses | |
|---|---|
| Annual | $19,360 |
| Annual Per SF | $3.53 |
| Total Expenses | |
|---|---|
| Annual | $43,752 |
| Annual Per SF | $7.98 |
| Net Operating Income | |
|---|---|
| Annual | $59,405 |
| Annual Per SF | $10.84 |
PROPERTY FACTS Under Contract
| Price | $1,398,000 | Apartment Style | Townhome |
| Price Per Unit | $233,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.73% | Building Size | 5,482 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R5A - Medium density district with a height limit of 40 feet | ||
| Price | $1,398,000 |
| Price Per Unit | $233,000 |
| Sale Type | Investment |
| Cap Rate | 4.73% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,482 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R5A - Medium density district with a height limit of 40 feet |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $1,425 | - |
| 1+1 | 1 | $1,650 | - |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (91)
PROPERTY TAXES
| Parcel Number | 05770-0059 | Total Assessment | $536,400 |
| Land Assessment | $8,100 | Annual Taxes | $24,392 ($4.45/SF) |
| Improvements Assessment | $528,300 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
05770-0059
Land Assessment
$8,100
Improvements Assessment
$528,300
Total Assessment
$536,400
Annual Taxes
$24,392 ($4.45/SF)
Tax Year
2025
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847 Bay Ridge Ave
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