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  2. 272 79th Street
  • 272 79th Street
  • $ 1,398,000
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209

272 79th Street

Bay Ridge   |   Ridge Blvd & 3rd Av

Building For Sale
$ 1,398,000
Ownership Multi-Family
Lot Size 20'x109'
Status Active
Real Estate Taxes [Per Annum] $ 22,015
Building Size 20'x77'
Year Built 1931
ASF/ASM 4,620/429
 

Photos

272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
272 79th Street Bay Ridge Brooklyn NY 11209

Property Description

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 legal 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.
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 legal 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.

Listing Courtesy of Top Nest Inc

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

A/C [Window Units]
Exposed Bricks
Hardwood Floors
Private Entrance
272 79th Street Bay Ridge Brooklyn NY 11209
272 79th Street Bay Ridge Brooklyn NY 11209

Building Details [272 79th Street]

Ownership Multi-Family
Block/Lot 5978/38
Building Size 20'x77'
Zoning R4A
Year Built 1931
Floors 3
Lot Size 20'x109'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
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.
MLSID: 495611