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$ 1,049,000
Est. payment /mo
Price Dropped by $50K
437 Bay Ridge AVE Brooklyn, NY 11220
6 Baths
4,125 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,125 sqft
Price per Sqft $254
MLS Listing ID 500028
Full Baths 6
Year Built 1931
Annual Tax Amount $19,122
Property Sub-Type Multi-Family
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.
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning R5B
Rooms
Basement Full
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Laminate, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Resident Superintendent
Roof Type Flat
Handicap Access No
Building
Story 3
Foundation Stone, Other
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Ben Bay Realty Co of Bay Ridge
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