437 Bay Ridge Avenue, Brooklyn, New York 11220
- $1,049,000
- 6
- BA
- 4,125
- SqFt
- List Price
- $1,049,000
- Status
- ACTIVE
- Days on Market
- 162
- Price Change
- ▼ $50,000 1778225189
- MLS#
- 500028
- Year Built
- 1931
- Bathrooms
- 6
- Full Baths
- 6
- Living Area
- 4,125
- Lot Size
- 2,500
- MLS Area Major
- Bay Ridge
Property Description
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 $103,152; Total Annual Expenses are $37,040; Net Operating Income (NOI) is $66,112. This property is being offered at 6.10% CAP Rate. Seller is motivated to sell, present all offers.
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Additional Information
- Taxes
- $19,122
- Financing
- 1031 Exchange, Bank Mortgage, Cash
- Zoning
- R5B
- Flooring
- Hardwood, Laminate, Tile
- Heating
- Gas
- Exterior Features
- Brick
- Stories
- 3
- Roof
- Flat
- Foundation
- Stone, Other
Mortgage Calculator
Courtesy Of Ben Bay Realty Co of Bay Ridge