About 437 Bay Ridge
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.
Features of 437 Bay Ridge
| MLS® # | 500028 |
|---|---|
| Price | $999,000 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 4,125 |
| Year Built | 1931 |
| Type | Multi-Family |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 437 Bay Ridge |
|---|---|
| Area | Bay Ridge |
| City | Brooklyn |
| County | Kings (Brooklyn) |
| State | New York |
| Zip Code | 11220 |
Amenities
| Amenities | Resident Superintendent |
|---|---|
| Features | Refrigerator, Stove |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Laminate, Tile |
|---|---|
| Appliances | Refrigerator, Stove |
| Heating | Steam/Radiator |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Flat |
| Construction | Brick |
| Foundation | Other, Stone |
Additional Information
| Date Listed | March 27th, 2026 |
|---|---|
| Days on Market | 172 |
| Zoning | R5B |
| Tax | $19,122 |