437 Bay Ridge Avenue
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 6.41% CAP Rate. Seller is motivated to sell, present all offers.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $999,000 |
| No. of Units: | 6 |
| Year Built: | 1931 |
| Lot Size: | 4,125.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $166,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 6 |
ID: 3yd-BMLSNY-500028
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