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522 Bay Ridge Ave
Brooklyn, NY 11220
522 Bay Ridge Ave. Brooklyn NY 11220 · Multifamily Property For Sale · 21 Units

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INVESTMENT HIGHLIGHTS

  • 6-family, rent-stabilized brick building in Bay Ridge, Brooklyn
  • Building is equipped with a secure intercom system and video surveillance. Located in a vibrant neighborhood with excellent schools, dining, and enter
  • Six 1-bedroom/1-bath units. Each unit has a spacious layout with modern kitchens and bathrooms, hardwood flooring, and large windows

EXECUTIVE SUMMARY

This 6-family, rent-stabilized brick building in Bay Ridge, Brooklyn, is a well-maintained gem featuring six 1-bedroom/1-bath units. Each unit has a spacious layout with modern kitchens and bathrooms, hardwood flooring, and large windows providing natural light. The building is equipped with a secure intercom system and video surveillance. Located in a vibrant neighborhood with excellent schools, dining, and entertainment options, the building offers easy access to public transportation, making it an ideal investment or home. Projected Annual Rent Roll $146,000 making this one of the most desirable six-family on the market today!

PROPERTY FACTS

Price Per Unit $108,344 CAD
Sale Type Investment
Sale Condition 1031 Exchange
No. Units 21
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.04 AC
Building Size 4,800 SF
No. Stories 3
Year Built 1931
Zoning R4-1 - R4-1 contextual districts, like R3-1 districts, permit only one- and two-family de­tached and semi-detached houses.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Sprinkler System
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 21 $3,146 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05874-0018
Land Assessment
$11,422 CAD
Improvements Assessment
$707,523 CAD
Total Assessment
$718,945 CAD
  • Listing ID: 33611937

  • Date on Market: 2024-10-23

  • Last Updated:

  • Address: 522 Bay Ridge Ave, Brooklyn, NY 11220

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