522 Bay Ridge Avenue

Bay Ridge

$1,825,000
Price
6
Beds
6
Baths
4,800 Sq. Ft.
$380 / Sq. Ft.
4,800
Sq. Ft.
$380
per Sq. Ft.

Description

This immaculate 6-family, rent stabilized & fully occupied brick building in Bay Ridge, is a stunning gem that boasts both a convenient location and functionality. Located in one of Brooklyn's most desirable neighborhoods, this meticulously maintained building demonstrates true pride of ownership and attention to detail. Upon entering the building, you are greeted by a tastefully decorated, well lit and well-maintained entry. Each of the six 1 bedroom/1 bath units within the building offers a spacious...This immaculate 6-family, rent stabilized & fully occupied brick building in Bay Ridge, is a stunning gem that boasts both a convenient location and functionality. Located in one of Brooklyn's most desirable neighborhoods, this meticulously maintained building demonstrates true pride of ownership and attention to detail. Upon entering the building, you are greeted by a tastefully decorated, well lit and well-maintained entry. Each of the six 1 bedroom/1 bath units within the building offers a spacious and thoughtfully designed layout, with an open kitchen. The apartments feature hardwood flooring. The large windows allow for an abundance of natural light to fill the rooms, making them feel bright and airy. The kitchens in each unit are equipped with all up to date appliances, modern cabinetry, and ample counter space. The bathrooms are equally modern. The heat is under the maintenance of the owner, who currently lives on the premises, and holds the temperature at 73 degrees in the winter, well in excess of NYC building requirements. Residents of this immaculate 6-family brick building are extremely content, with a couple of them having lived there for awhile. The building is also equipped with a secure intercom system and video surveillance, ensuring the safety and security of all residents. The location of this building is another standout feature. Bay Ridge, Brooklyn is known for its vibrant community, excellent schools, and a wide array of dining and entertainment options. The neighborhood offers easy access to public transportation, making it a breeze to explore all that Brooklyn and New York City have to offer. Whether you're looking for an immaculate and functional investment property or a place to call home, this building is sure to exceed your expectations. Well rents and the boiler are registered. Contact me for all the numbers.
  1. Listed by Julie R Thum • RE/MAX Elite

Amenities

  • Walk Up
  • Washer / Dryer in Unit
  • Laundry in Building
  • Open Kitchen
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise

Location

Listing Courtesy of RE/MAX Elite
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LISTING UPDATED: 03/15/2024 04:10 PM

Property Details for 522 Bay Ridge Avenue

StatusActive
MLS ID480535
Days on Market44
Taxes$21,172 / year
Maintenance-
Min. Down Pymt-
Total Rooms18.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1931
Lot Size1,940 SF
CountyKings County

Location

Listing Courtesy of RE/MAX Elite
Add your commute

Building Information for 522 Bay Ridge Avenue

Stories3Residences-Year Built1931Building Size-Lot Size1,940 SFBuilding Age-Building Type-

Payment Calculator

$11,724 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,960

Property Taxes

$1,764

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 522 Bay Ridge Avenue

Summary
Location and General Information
  • Block: 5874
  • Cross Street Name: 5th Ave
  • Cross Street Name: 6th Ave
  • Zoning: R4-1
  • Roof: Flat, Rubber
  • Water Front Present YN: No
  • Residential Features: Dryer, Laundry Area, Patio Garden, Refrigerator, Stove, Washer
  • Number Of Vacant Units: 0
Parking
  • Parking Attributes: None
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 21171.64
  • Gross Expense: 32872.64
  • Gross Income: $102,475.00
  • Cap Rate: .04%
Property
Lot Information
  • Sq Ft Total: 4800
  • Yard: Back, Front
  • Lot Number: 18
  • Lot Size Irregular YN: No
  • Lot Size Length: 97
  • Lot Size Width: 20
Utilities
  • Heat Delivery: Other
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
  • Utility Expense: 980.0
  • Fuel Expense: 4421.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Separate Entrance
  • Baths Three Quarter: 1.0
  • Baths Total Level 1: 2
  • Baths Total Level: 2
  • Total Rooms: 18
  • Foundation Details: Other
  • Flooring: Hardwood, Tile
  • Unit Count: 0
  • Building Amenities: NONE
  • Number Of Available Units: 6
  • Construction Materials: Brick
  • Electric: 220 V, Circuit Breakers
  • Baths Total Level: 2
  • Beds Total Level: 2
  • Beds Total Level: 2
  • Beds Total Level: 2
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1600.0
  • Building Length: 80.0
  • Building Type: Semi-Detached
  • Building Width: 20.0
  • Rooms Total Level 1: 6
  • Rooms Total Level 2: 6
  • Rooms Total Level: 6
Agent
Agent Information
  • Net Operating Income: 69603.04
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 3900.0
  • Certificate Of Occupancy YN: Yes
  • Owner Occupied: Yes
  • Rent Income: 102475.0

Property History for 522 Bay Ridge Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 522 Bay Ridge Avenue

Taxable ValueLand$8,100Additions$414,900Total$423,000
Home Facts
Total Finished SqFt4,800 SqFtLot Size1,939 SqFtYear Built1931ZoningR4-1APN3058740018

Schools near 522 Bay Ridge Avenue

This home is within Nyc Geog District #20 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ralph A Fabrizio School
PublicK to 5

Is 30 Mary White Ovington
PublicK to 8

Fort Hamilton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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522 Bay Ridge Avenue is a townhouse for sale in Bay Ridge. This property was listed for sale on March 15, 2024 by RE/MAX Elite, it's currently listed at $1,825,000. This listing's school district is Nyc Geog District #20 - Brooklyn. Nearby schools include Ralph A Fabrizio School, Is 30 Mary White Ovington and Fort Hamilton High School. 522 Bay Ridge Avenue is a 6-bed, 6-bath, 4,800 sqft townhouse built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Elite

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.