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324 91st St 6 Unit Apartment Building £1,109,913 (£184,986/Unit) 3.38% Net Initial Yield Brooklyn, NY 11209
INVESTMENT HIGHLIGHTS
- Unit Mix: 5 spacious 2-bedroom, 1-bathroom apartments and 1 comfortable 1-bedroom, 1-bathroom apartment.
- Building Size: 25' x 75', totaling approximately 5,625 sq. ft.
- Zoning: R5B zoning
- Interior Features: Each unit boasts generously sized living and dining areas, well-appointed windowed kitchens & elegant hardwood floors
- Lot Size: 25' x 113.08' IRR, spanning 2,860 sq. ft.
EXECUTIVE SUMMARY
Prime Investment Property – 6-Unit Building in Bay Ridge, Brooklyn
Discover an exceptional investment opportunity in the heart of Bay Ridge, one of Brooklyn’s most sought-after and established neighborhoods. This meticulously maintained six-unit rent-stabilized building provides steady rental income, long-term tenants, and excellent upside potential — a perfect addition to any serious investor’s portfolio.
This solid brick building features a desirable mix of five spacious two-bedroom, one-bath units and one comfortable one-bedroom, one-bath unit. The property measures 25 ft × 75 ft (approximately 5,625 sq. ft.) and sits on a 25 ft × 113.08 ft irregular lot totaling about 2,800 sq. ft. Zoned R5B, the property presents a strong and stable investment opportunity in one of Brooklyn’s most dependable multifamily markets.
Each apartment offers generously sized living and dining areas, windowed kitchens, hardwood floors, and tiled bathrooms. The bright, airy interiors are filled with natural light, adding to each unit’s comfort and appeal.
Perfectly positioned on a beautiful tree-lined street, the property is moments from everything Bay Ridge is known for — shopping, dining, parks, and transportation. Residents enjoy close proximity to 3rd Avenue’s vibrant restaurant scene, the R train, multiple bus routes for easy Manhattan access, and nearby schools, parks, and the scenic waterfront promenade.
With its stable rent roll, low-maintenance ownership, and prime Brooklyn location, this property delivers both immediate cash flow and long-term growth potential. Investors will appreciate the neighborhood’s strong market fundamentals, consistent tenant demand, and opportunity for future appreciation.
Don’t miss the chance to own this income-producing multifamily building in one of Brooklyn’s most vibrant and enduring communities.
Discover an exceptional investment opportunity in the heart of Bay Ridge, one of Brooklyn’s most sought-after and established neighborhoods. This meticulously maintained six-unit rent-stabilized building provides steady rental income, long-term tenants, and excellent upside potential — a perfect addition to any serious investor’s portfolio.
This solid brick building features a desirable mix of five spacious two-bedroom, one-bath units and one comfortable one-bedroom, one-bath unit. The property measures 25 ft × 75 ft (approximately 5,625 sq. ft.) and sits on a 25 ft × 113.08 ft irregular lot totaling about 2,800 sq. ft. Zoned R5B, the property presents a strong and stable investment opportunity in one of Brooklyn’s most dependable multifamily markets.
Each apartment offers generously sized living and dining areas, windowed kitchens, hardwood floors, and tiled bathrooms. The bright, airy interiors are filled with natural light, adding to each unit’s comfort and appeal.
Perfectly positioned on a beautiful tree-lined street, the property is moments from everything Bay Ridge is known for — shopping, dining, parks, and transportation. Residents enjoy close proximity to 3rd Avenue’s vibrant restaurant scene, the R train, multiple bus routes for easy Manhattan access, and nearby schools, parks, and the scenic waterfront promenade.
With its stable rent roll, low-maintenance ownership, and prime Brooklyn location, this property delivers both immediate cash flow and long-term growth potential. Investors will appreciate the neighborhood’s strong market fundamentals, consistent tenant demand, and opportunity for future appreciation.
Don’t miss the chance to own this income-producing multifamily building in one of Brooklyn’s most vibrant and enduring communities.
PROPERTY FACTS
| Price | £1,109,913 | Apartment Style | Low-Rise |
| Price Per Unit | £184,986 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.07 ac |
| Yield | 3.38% | Property Size | 5,625 sq ft |
| No. Units | 6 | Average Occupancy | 90% |
| Property Type | Build-to-Rent | No. Floors | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Use Class | R5B - permits detached and semi-detached buildings, it is primarily a three-story rowhouse district | ||
| Price | £1,109,913 |
| Price Per Unit | £184,986 |
| Sale Type | Investment |
| Yield | 3.38% |
| No. Units | 6 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.07 ac |
| Property Size | 5,625 sq ft |
| Average Occupancy | 90% |
| No. Floors | 3 |
| Year Built | 1925 |
| Use Class | R5B - permits detached and semi-detached buildings, it is primarily a three-story rowhouse district |
AMENITIES
UNIT AMENITIES
- Kitchen
- Wooden Floors
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Excellent pedestrian access (99)
Transit Score®
Excellent Public Transport (88)
Bike Score®
Good for cycling (78)
PROPERTY TAXES
| Parcel Number | 06086-0017 | Improvements Assessment | £268,068 |
| Land Assessment | £6,002 | Total Assessment | £274,070 |
PROPERTY TAXES
Parcel Number
06086-0017
Land Assessment
£6,002
Improvements Assessment
£268,068
Total Assessment
£274,070
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324 91st St
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