324 91st St - Apartments FOR SALE


Brooklyn, NY 11209- Bay Ridge
$1,498,000 USD
324 91st St, Brooklyn, NY for Sale
$1,498,000 USD
Apartments - FOR SALE
1/12
null | 3.38% Cap Rate

324 91st St
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • Unit Mix: 5 spacious 2-bedroom, 1-bathroom apartments and 1 comfortable 1-bedroom, 1-bathroom apartment.
  • Interior Features: Each unit boasts generously sized living and dining areas, well-appointed windowed kitchens & elegant hardwood floors
  • Building Size: 25' x 75', totaling approximately 5,625 sq. ft.
  • Lot Size: 25' x 113.08' IRR, spanning 2,860 sq. ft.
  • Zoning: R5B zoning

OVERVIEW

Prime Investment Property – 6-Unit Building in Bay Ridge, Brooklyn Discover an exceptional investment opportunity in the heart of Bay Ridge, one of Brooklyn’s most sought-after and established neighborhoods. This meticulously maintained six-unit rent-stabilized building provides steady rental income, long-term tenants, and excellent upside potential — a perfect addition to any serious investor’s portfolio. This solid brick building features a desirable mix of five spacious two-bedroom, one-bath units and one comfortable one-bedroom, one-bath unit. The property measures 25 ft × 75 ft (approximately 5,625 sq. ft.) and sits on a 25 ft × 113.08 ft irregular lot totaling about 2,800 sq. ft. Zoned R5B, the property presents a strong and stable investment opportunity in one of Brooklyn’s most dependable multifamily markets. Each apartment offers generously sized living and dining areas, windowed kitchens, hardwood floors, and tiled bathrooms. The bright, airy interiors are filled with natural light, adding to each unit’s comfort and appeal. Perfectly positioned on a beautiful tree-lined street, the property is moments from everything Bay Ridge is known for — shopping, dining, parks, and transportation. Residents enjoy close proximity to 3rd Avenue’s vibrant restaurant scene, the R train, multiple bus routes for easy Manhattan access, and nearby schools, parks, and the scenic waterfront promenade. With its stable rent roll, low-maintenance ownership, and prime Brooklyn location, this property delivers both immediate cash flow and long-term growth potential. Investors will appreciate the neighborhood’s strong market fundamentals, consistent tenant demand, and opportunity for future appreciation. Don’t miss the chance to own this income-producing multifamily building in one of Brooklyn’s most vibrant and enduring communities.

FOR SALE DETAILS

PRICE

$1,498,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

6

PRICE/UNIT

$249,667

CAP RATE

3.38%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,875 SF

ZONING

R5B

APN/PARCEL ID

06086-0017

ASK ABOUT THIS PROPERTY

Arlene WayeCentury 21 Awaye RealtyMore Info

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Arlene WayeCentury 21 Awaye RealtyMore Info

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