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847 Bay Ridge Ave 6 Unit Apartment Building £1,037,833 (£172,972/Unit) 4.73% Net Initial Yield Brooklyn, NY 11220
EXECUTIVE SUMMARY
This three-story property with a windowed basement offers a rare blend of size, location, and long-term value, ideal for the smart investor or end user. Contact us for a full breakdown of income and expenses. The building includes five two-bedroom apartments and one one-bedroom unit, most of which have been recently updated. Each apartment has a spacious layout and excellent natural light, making them easy to quickly rent.
With convenient access to shopping, restaurants, banks, and public transportation along 8th Avenue, the location is perfect for everyday ease and connection. 847 Bay Ridge Avenue offers flexible use and strong upside in one of Brooklyn’s most established and desirable neighborhoods.
With convenient access to shopping, restaurants, banks, and public transportation along 8th Avenue, the location is perfect for everyday ease and connection. 847 Bay Ridge Avenue offers flexible use and strong upside in one of Brooklyn’s most established and desirable neighborhoods.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£78,949
|
£14.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£2,368
|
£0.43
|
| Effective Gross Income |
£76,581
|
£13.97
|
| Taxes |
£18,108
|
£3.30
|
| Operating Expenses |
£14,372
|
£2.62
|
| Total Expenses |
£32,480
|
£5.92
|
| Net Operating Income |
£44,100
|
£8.04
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £78,949 |
| Annual Per sq ft | £14.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | £2,368 |
| Annual Per sq ft | £0.43 |
| Effective Gross Income | |
|---|---|
| Annual | £76,581 |
| Annual Per sq ft | £13.97 |
| Taxes | |
|---|---|
| Annual | £18,108 |
| Annual Per sq ft | £3.30 |
| Operating Expenses | |
|---|---|
| Annual | £14,372 |
| Annual Per sq ft | £2.62 |
| Total Expenses | |
|---|---|
| Annual | £32,480 |
| Annual Per sq ft | £5.92 |
| Net Operating Income | |
|---|---|
| Annual | £44,100 |
| Annual Per sq ft | £8.04 |
PROPERTY FACTS Under Offer
| Price | £1,037,833 | Apartment Style | Townhome |
| Price Per Unit | £172,972 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.06 ac |
| Yield | 4.73% | Property Size | 5,482 sq ft |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Build-to-Rent | No. Floors | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Use Class | R5A - Medium density district with a height limit of 40 feet | ||
| Price | £1,037,833 |
| Price Per Unit | £172,972 |
| Sale Type | Investment |
| Yield | 4.73% |
| No. Units | 6 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Costar Property Class | C |
| Total Plot Size | 0.06 ac |
| Property Size | 5,482 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built | 1931 |
| Use Class | R5A - Medium density district with a height limit of 40 feet |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Recycling
- Rubbish Collection - Kerbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+1 | 5 | £1,058 | - |
| 1+1 | 1 | £1,225 | - |
1 1
Walk Score®
Easily Walkable (89)
Transit Score®
Rider's Paradise (91)
PROPERTY TAXES
| Parcel Number | 05770-0059 | Total Assessment | £398,207 |
| Land Assessment | £6,013 | Annual Taxes | £18,108 (£3.30/sq ft) |
| Improvements Assessment | £392,194 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
05770-0059
Land Assessment
£6,013
Improvements Assessment
£392,194
Total Assessment
£398,207
Annual Taxes
£18,108 (£3.30/sq ft)
Tax Year
2025
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847 Bay Ridge Ave
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