416 Bay Ridge Avenue, Brooklyn, NY 11220
Kings County
Key Facts
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 updated—perfect 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.
Property Information
Property Type
Residential Income
Sub-Type
Mixed Use
Year Built
1931
Stories
3
Living Area
3,300 sq ft
Lot Size
0.05 acres
Lot Dimensions
100 x 20
Zoning
R5B
Days on Market
204
MLS® Listing#
497780
Property Features
Appliances
Heating
Flooring
Basement
Parking
Construction
Foundation
Roof
Affordability Calculator
$376,000
Estimated monthly payment
$10,006/mo
Principal $1,504,000 · Est. interest $2,098,214 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Brooklyn, NY
- $991,912
- Median Listing Price
- 83
- Median Days on Market
- 1,640
- Median Sq Ft
- $567
- Median Price / Sq Ft
- 2,891
- Active Listings
- This home’s price is 90% above the area median.
- Its price per sq ft is right around the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Brooklyn, NY.
Location
Getting Around
Points of Interest in Brooklyn, NY
Showing the Brooklyn area map.
Nearby Schools
P. S. /I. S 30 Mary White Ovington
School · 0.0 mi away
Bethlehem Lutheran Church
School · 0.1 mi away
P. S. K231
Secondary · 0.1 mi away
P. S. /I. S. 30 the Mary White Ovington School
Elementary · 0.1 mi away
High School of Telecommunication Arts and Technology
Secondary · 0.2 mi away
Our Lady of Angels Church
School · 0.2 mi away
Bay One Preschool
School · 0.2 mi away
Bay Ridge Prep Upper School
Secondary · 0.2 mi away
P. S. 413 the Joanne Seminara School of Law and Medicine
Elementary · 0.2 mi away
PS 102
Elementary · 0.3 mi away
PS 170 Elementary School
Elementary · 0.3 mi away
P. S. 170 the Ralph A. Fabrizio School
Elementary · 0.3 mi away
PS 310 Elementary School
Elementary · 0.4 mi away
P. S. 971
Elementary · 0.4 mi away
School of Math Science and Healthy Living
Elementary · 0.4 mi away
Bay Ridge Christian Academy
School · 0.5 mi away
Worldtots
School · 0.5 mi away
P. S 506: the School of Journalism & Technology
Elementary · 0.6 mi away
PS 503 Art Works
Elementary · 0.6 mi away
District 20 Pre- K Center
Elementary · 0.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1050 E 31st Street, Brooklyn, NY | $1,318,000 | 4 | 4 | 1,652 |
| 203 Essex Street, Brooklyn, NY | $1,320,000 | 5 | 2 | 2,016 |
| 3412 Avenue J, Brooklyn, NY | $1,324,000 | 7 | — | 2,350 |
| 187 31st Street, Brooklyn, NY | $1,325,000 | — | — | — |
| 2354 85th Street, Brooklyn, NY | $1,325,000 | 3 | — | 1,800 |
| 9505 Schenck Street, Brooklyn, NY | $1,325,000 | 4 | 3 | 2,509 |
Moving Cost Estimate
EXIT Agents in Brooklyn
Listing Courtesy: Ashford Homes LLC - 9293641301
Fair Housing NoticeLast Updated: 2025-12-08