$1,400,000
Updated 7 years ago
Sold

326 Bay Ridge Ave

Bay Ridge, Brooklyn | 3rd Ave & 4th Ave

6 Baths4,400 Square FeetIncome Property

$1,400,000
floors / apts3 / 6
Lot Size20'x100'
Built Size20'x74'
ZoneR5B
Building TypeLow-Rise
RE Taxes$14,241
Price Per SF
$318

This property was sold for $1,100,000 on 11/12/19.

Property Description for 326 Bay Ridge Ave

Rent stabilized building located between 3rd and 4th Avenue. Close to all forms of transportation. Gross rent: $79,068 minus expenses: $33,103, yield NOI: $45,103. The seller improvements include: 2017 boiler installed in 2016, hot water installed in 2015, needs roof installed. All tenants are current. Property features security cameras in the basement. All rents are registered with DHCR. Clean building.

Listing History for 326 Bay Ridge Ave

Now
11/12/2019
$1,100,000
Sold and Closed by Mary Kae Higgins
MYNY Residential
05/31/2019
Contract Signed by Mary Kae Higgins
MYNY Residential

Building Details for 326 Bay Ridge Ave

OwnershipIncome Property
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Bay Ridge Av
0.11 miles
77 St
0.38 miles

Citi Bike

Ovington Ave & 3 Ave
0.05 miles
68 St & 4 Ave
0.11 miles

Contact Agents

Contact Agents

Mary Kae Higgins
MYNY Residential
Andrew Vulic
MYNY Residential

Bay Ridge | Brooklyn

Lush front yards and trimmed hedges are pretty common in Bay Ridge.

Quick Profile

Bay Ridge is an old-world neighborhood neatly tucked into the southwest corner of Brooklyn within the shadows of the Verrazano Bridge. The neighborhood is encircled by the Belt Parkway along the shore line and the Gowanus Expressway inland.

Bay Ridge, long known for its generational pull, has historically been home to a diverse number of ethnic groups. While the area is flush with people of Irish, Italian and Greek descent, these ethnic communities have been joined by larger numbers of new groups, including people with Russian, Polish, Asian and Middle Eastern backgrounds. The Arab American community today in Bay Ridge represents the largest concentration of Arab Americans in New York City.

For many years, Bay Ridge and its waterside location, would attract the affluent. But most of the mansions that once lined Shore Road are long gone and have been replaced by six-story apartment buildings.  

Aside from the low-rise apartment buildings, the neighborhood pretty much consists of one and two-family homes. Lush front yards and trimmed hedges are pretty common here.  

Current zoning and limitations on building heights restrict any out of the norm development. At present, the future beholds small development on some of the commercial strips and teardowns of older homes for smaller residential projects.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 75856TH