$1,398,000
Updated a year ago
Off Market

272 79th Street

Bay Ridge, Brooklyn | Ridge Blvd & 3rd Ave

26 Rooms8 Beds7 Baths4,620 Square FeetIncome Property

$1,398,000
floors / apts3 / 6
Lot Size20'x110'
Built Size20'x77'
ZoneR4A
Building TypeLow-Rise
RE Taxes$22,015
Price Per SF
$303

Building Amenities

  • Voice Intercom
  • Roof Deck

Property Description for 272 79th Street

Located in the heart of Bay Ridge, this fully attached Brick six-family brick building offers an exceptional investment opportunity with strong, stable income and room for long-term appreciation. Spanning over 4,600 square feet, the building sits on a 20-foot by 110-foot lot, with an impressive footprint of 20 feet by 77 feet . The layout includes six units. There are two spacious two-bedroom apartments, which are 2F and 3F. The other units arefour one-bedroom apartments. Each apartment has its own bathroom, and there's an additional bathroom in the basement, making a total of seven bathrooms in the building. The units are fully rented with reliable tenants in place, and the property is well maintained. Basement can be used as storage space as well. The financials are strong. The building generates over $130,000 in annual income, with yearly expenses of approximately $40,000. Of that, $22,000 accounts for property taxes. The result is a cap rate approaching 7%, offering investors a solid return in a highly sought-after area. One of the unique highlights of this property is the rooftop, which offers beautiful, serene views — a peaceful escape. This is a substantial, income-producing asset in one of Brooklyn's most desirable residential neighborhoods. Whether you're a seasoned investor or looking to enter the market with a solid, low-maintenance property, this building checks all the right boxes. Building will be delivered with 2 vacancies Reach out today to learn more or schedule a private showing. Expenses are as follows: Electric is $600 per year. Insurance is $4,700 per year. Water is $7,700 per year. Heat is $5,000 per year. Taxes are $22,000 per year. Rent rolls are : 1F- $1,982 (potential vacancy at close) 1R- $1,750 2F- $1,500 2R- $1,315.63 (potential vacancy at close) 3F- Can be rented for $2,250 but is currently owner occupied (vacant at closing) 3R- $1,250 (potential vacancy)

Listing History for 272 79th Street

Now
10/21/2025
POM by Yan Byshevsky
RE/MAX Top Nest
09/10/2025
$1,398,000
Initial Price by Yan Byshevsky
RE/MAX Top Nest

Building Details for 272 79th Street

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

Transit and Citi Bike

Subway

77 St
0.23 miles
86 St
0.41 miles

Citi Bike

3 Ave & 81 St
0.11 miles
3 Ave & 77 St
0.11 miles

Contact Agents

Contact Agents

Yan Byshevsky
RE/MAX Top Nest
Volodymyr Maychenko
RE/MAX Top Nest

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: 80771TH