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437 Bay Ridge Ave
Brooklyn, NY 11220
437 Bay Ridge Ave · Multifamily Property For Sale
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6 Units
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. Effective Gross Income is $101,089; Total Annual Expenses are $37,040; Net Operating Income (NOI) is $64,049. This property is being offered at 6.11% CAP Rate. Seller is motivated to sell, present all offers.
Property Facts
| Price Per Unit | $243,066 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.11% | Building Size | 4,125 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Apartment Style | Low-Rise | ||
| Zoning | R5 - Medium density district with a height limit of 40 fee | ||
| Price Per Unit | $243,066 CAD |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,125 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R5 - Medium density district with a height limit of 40 fee |
Property Taxes
| Parcel Number | 05864-0069 | Improvements Assessment | $691,687 CAD |
| Land Assessment | $11,146 CAD | Total Assessment | $702,833 CAD |
Property Taxes
Parcel Number
05864-0069
Land Assessment
$11,146 CAD
Improvements Assessment
$691,687 CAD
Total Assessment
$702,833 CAD
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