$1,880,000
( $569.70Per Sq Foot )
 $10,092 est/mo Sourced by Back At You

416 Bay Ridge Avenue,Brooklyn, NY 11220

Brooklyn, NY 11220

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Description

Outstanding Mixed-Use Investment Opportunity. Discover an exceptional investment property located in the highly desirable Bay Ridge neighborhood. This solid mixed-use building offers one commercial unit and three newly renovated residential apartments, providing strong rental income and long-term upside in a prime Brooklyn location. Commercial Unit (1st Floor - Street Level) Currently occupied by a barbershop, Tenant pays hot water and electricity, keeping owner expenses low. Residential Units (All Newly Renovated) 1st Floor Rear - 2 Bedroom Apartment. Vacant and fully updatedperfect for immediate leasing or personal use. 2nd Floor - 5 Bedrooms, 1.5 Baths, spacious layout with modern renovations, 3rd Floor - 5 Bedrooms, 1.5 Baths, Newly renovated with generous living space. Strong rental income $118,980/year, expense only $20,208/ Year. Net 5.5%. A perfect location for both residential and commercial tenants. WON'T LAST.

Details

MLS #497780
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1931
Days On Site281
Listing Provided ByAshford Homes LLC | Ray Long Wu

Features

SQ Feet3,300
BasementY
Story(s)3
Units4
ZoningR5B

Interior

Heating FuelGas

Exterior

ExteriorBrick
RoofFlat
Construction MaterialsBrick, Masonry
Foundation DetailsPoured Concrete, Stone

Parking

Parking AttributesNone
Parking Feature SingleNone

Utilities

Electric110 V

Area Information

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11220
AreaBrooklyn
SubareaBay Ridge
Listing VS Median (in 11220)
Price:
$1,880,000
low | high
Med:
$1,534,000
68.404255319149% of Average
sqft:
3,300
low | high
Med:
3,972
29.636363636364% of Average
$ / sqft:
$570
low | high
Med:
$601
44.468215066674% of Average
On site:
281
low | high
Med:
36
100% of Average
Sourced by Back At You

Market Activity 11220

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Learn More About This Property

Gregory Kyroglou

Gregory Kyroglou

Modern Spaces New York

 (917) 916-6776greg@modernspaces.com
StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11220
AreaBrooklyn
SubareaBay Ridge
Listing VS Median (in 11220)
Price:
$1,880,000
low | high
Med:
$1,534,000
68.404255319149% of Average
sqft:
3,300
low | high
Med:
3,972
29.636363636364% of Average
$ / sqft:
$570
low | high
Med:
$601
44.468215066674% of Average
On site:
281
low | high
Med:
36
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.41M - $2.35M
sqft: 2,000 - 4,000
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Listing Updated: August 21, 2026 at 12:07:24 PM PDT
Gregory Kyroglou
(917) 916-6776
Astoria - 29-20 23rd Ave.
Astoria, New York 11105

Gregory Kyroglou - Modern Spaces New York