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437 Bay Ridge Avenue, Brooklyn, New York, New York 11220

$1,049,000

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Property Details

Baths: 6 Neighborhood: Bay Ridge Tax Amount: $19122.00 MLS Number: 500028 Bldg Size: 25 x 55 Lot Size: 25 x 100 Lot SqFt: 2500

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.

Property Type Residential

Property Status: Active

Property Features Refrigerator Stove

Dalia Samouha

Real Estate Broker

Cell: 718.687.7576

Email: [email protected]

Instagram: @idealpropertiesrealty

Location

437 Bay Ridge Avenue, Brooklyn, New York, New York 11220